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Re: Guido2 post# 691470

Monday, 08/09/2021 9:14:11 AM

Monday, August 09, 2021 9:14:11 AM

Post# of 796695
As always, wrong. The 10bp g-fee is charged during the life of the mortgage and it won't be a new fee but a continuation of the 10bp TCCA that expires at the end of this year. It has nothing to do with the one-time 50bp fee on refinancings that has been cancelled.
Both fees are illegal in the Fee Limitation clause in the Charter, regardless that the TCCA fee was approved in a law. It's still illegal.