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A bank offers 30-year, $180,000 mortgages at 4.7 percent and charges a $3,700 refundable loan application fee. The current disclosure law requires that any fees

A bank offers 30-year, $180,000 mortgages at 4.7 percent and charges a $3,700 refundable loan application fee. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR.
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A bank offers 30-year, $180,000 mortgages at 4.7 percent and charges a $3,700 refundable loan applicotion fee. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR

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