Correspondent's fees and loan closing charges (Repealed)

(a) The correspondent may charge each eligible borrower on each construction-permanent loan an originating fee of one per cent of the principal amount to be distributed under such loan and shall retain the entire amount of said fee. (b) The correspondent may charge each eligible borrower on each permanent loan an originating fee of one-half of one per cent of the principal amount to be disbursed under such loan and shall retain the entire amount of said fee. (c) The correspondent shall retain each year as full compensation for servicing a permanent loan one-half of one per cent of the average annual principal balance thereof. A pro rata portion of the amount to be retained as aforesaid may be deducted by the correspondent from each interest payment, except the last in any calendar year, and any balance of compensation for such calendar year shall be deducted from the last interest payment in such year. (d) Unless agreed upon otherwise by the commissioner in writing, the correspondent shall not make any charges against the eligible borrower in addition to the originating and servicing fees as aforesaid, except for state appraisal and inspection fees, costs of a credit report, plot plan or survey, title search and certificate, preparation of papers and attorney's fees, recording fees, amortization schedules and for late charges approved by the commissioner and payable under the terms of the loan. No such charges shall exceed any limit prescribed by the commissioner.