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MIA MIDADE COUNTY
DEPARTMENT OF REGULATORY AND ECONOMIC RESOURCES
http://www.miamidade.gov/building/home.asp
2/22/2021 1:15:50 PMT racking #Process #Permit #3221006523M20210065232021029940THIS COPY
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What is upfront fees?
Upfront fees are initial payments made at the beginning of a contract or loan agreement, often used to cover costs associated with processing, underwriting, or other administrative tasks.
Who is required to file upfront fees?
Individuals or entities entering into a contract or loan that stipulates upfront fees are required to file these fees as part of their agreement.
How to fill out upfront fees?
To fill out upfront fees, one needs to complete the required forms provided by the lender or organization, ensuring all relevant information is accurate and submitted with the fees.
What is the purpose of upfront fees?
The purpose of upfront fees is to cover initial costs associated with the lending process, ensure commitment from the borrower, and potentially reduce the overall interest rate.
What information must be reported on upfront fees?
Information to be reported typically includes the amount of the fee, the purpose of the fee, details of the transaction, and parties involved in the agreement.
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