Amount of loss covered:

Fees for

Investigation and appraisal

Loss of $100.00 or more but $499.00 or less----- No charge

Loss of less than $100.00-

$3.00 plus .05 cents per mile
(one trip only)
$10.00

Loss of more than $499.00--(Sec. 13 "Ninth", 39 Stat. 372, sec. 32, 48 Stat. 48, as amended, secs. 1, 2, 48 Stat. 344, 345; 12 U.S.C. 781 "Ninth", 1016, 1020, 1020a, and Sup. ; 6 CFR 10.337) [Ex. Com. min., Nov. 24, 1937]

29.5 Prepayment fees; payable at time payment on the loan is received-(a) Voluntary payments. On all loans which have been in force in excess of five years, for a period of thirty days following an installment payment date, interest will be charged only to the date remittance is received on either partial or full payments. On payments received after the expiration of the thirty-day period, interest will be charged to the next installment payment date.

(b) Involuntary payments. When funds are received for highway purposes, or from other sources, and the principal payment is involuntary on the part of the borrower, interest will be charged on such principal payment only to the date remittance is received.

(c) Previously deferred principal payments. When funds are received from borrowers for the purpose of paying the principal payments on their loans which have previously been deferred and bringing their loans up to date on the basis of the amortization table, interest will be charged on such items only to the date remittance is received.

(d) Bonus or rental payments from mineral leases. When funds are received as bonus payments or rentals from mineral leases, no prepayment charge will be made. However, this rule will not apply where an application to the reduction of principal is made from funds received from the sale of royalty, as the procedure will be the same as in any case where a portion of the bank's security is being released. (Sec. 12 "Second", 39 Stat. 370, as amended; 12 U.S.C. 771 "Second"; 6 CFR 10.386, 10.387) [Ex. Com. min., Mar. 11, 1937, as amended, July 13, 1937]

29.6 Reamortization fees; payable when application for reamortization is filed-(a) Land bank loan. Fee of $10.00 collected with each application for reamortization.

(b) Land Bank Commissioner loan. Fee of $10.00 collected with each application for reamortization.

(c) Joint loans. Fee of $15.00 collected for the reamortization of both bank and Commissioner loans if both loans are reamortized simultaneously, such fee to be divided equally between the land bank and Federal Farm Mortgage Corporation.

In all cases in which application for reamortization has not been approved, the fee will be returned, unless a reappraisal has been made, in which case the fee will be retained. (Sec. 13 "Thirteenth". as added by sec. 4, 47 Stat. 1548, sec. 32, 48 Stat. 48, as amended, secs. 1, 2, 48 Stat. 344, 345; 12 U.S.C. 781 "Thirteenth", 1016, 1020, 1020a, and Sup.; 6 CFR 19.4043, 19.4045) [Ex. Com. min., Feb. 8. 1938]

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30.3 Fees for application for partial release of first lien Land Bank Commissioner amount; costs and charges in connection with reappraisals.

30.4 Fees for partial releases of joint Federal land bank and Land

30.6

30.8

charges in connection with reappraisals.

Fees for reamortization of single Federal land bank loans; amount; refund.

Fees for reamortization of single Land Bank Commissioner loans; amount; refund.

Fees for reamortization of joint land bank and Commissioner loans; amount; refund; other costs and charges.

Prepayment fees collected from the Federal Land Bank of Houston borrowers paying before expiration of the five-year period; amount.

Bank Commissioner loans; 30.9 Deposits and fees for abstract amount; refund; costs, and

handling.

CROSS REFERENCES

Federal land bank fees on bank and Commissioner loans: See 88 19.401919.4024.

Fees and charges in connection with extensions and reamortizations of Commissioner loans: See 88 19.4043, 19.4045.

Prepayment of loans: See §§ 10.386, 10.387.

Section 30.1 Fees charged in connection with applications for land bank and Land Bank Commissioner loans; amount; refund; costs and charges in connection with reappraisals. An application fee of $15.00 is charged by the Federal Land Bank of Houston for the first $1,000.00 or less, of the amount applied for, plus $1.00 for each additional $1,000.00 or fractional part thereof. A fee of $10.00 is collected at the time the application is submitted for a loan of $5,000.00 or less. If the application is rejected by the bank or withdrawn by the applicant before appraisal by a land bank appraiser, the $10.00 initial fee is refunded to the association for the applicant. If the application is rejected by the bank or withdrawn by the applicant after appraisal by a land bank appraiser, the $10.00 initial fee is retained by the bank and applied on expenses. If the application is rejected by the bank or withdrawn by the applicant after the land has been appraised by a land bank appraiser and the title has been examined, a charge is set up against the applicant for an additional fee in keeping with the regular fee schedule to cover the cost of services rendered. If the application results in a closed loan the remainder of the fee, under the bank's schedule based on the amount of the loan closed, is deducted from the loan proceeds.

If the application is for a loan in excess of $5,000.00, the bank collects the full fee provided for in the regular schedule.

If the application is rejected by the bank or withdrawn by the applicant before the security is appraised by the land bank appraiser, the entire fee is returned to the association for the applicant. If the application is rejected by the bank or withdrawne applicant after appraisal and before examination of title, sum of

$5.00 of the application fee is returned to the association for the applicant. The entire fee is retained by the bank if the application is rejected or withdrawn by the applicant after appraisal and examination of title. If the application results in a closed loan for less than the amount applied for, the fee is based on the amount of the loan closed and any excess is refunded to the association for the applicant.

If the applicant is a nonresident of Farm Credit District No. 10, the bank requires an additional fee of $7.50 to cover expenses of investigation of the personal risk of applicant. In event the full amount of the additional fee collected is not expended, the unused portion is refunded to the association for the applicant.

A reappraisal fee of $12.50 is collected where reappraisal is requested by an applicant. If the reappraisal is justified, the fee is refunded to the association for the applicant.

Reappraisal fee of $12.50 is collected to cover cost and expense incident to supplemental inspection by land bank appraiser to establish to the satisfaction of the bank that grantor has relinquished possession to land before loan is closed. A reappraisal fee of $12.50 is collected to cover cost and expense incident to a supplemental inspection and appraisal of improvements by a land bank appraiser when all or a portion of the loan proceeds are used for construction of improvements built subsequent to the original appraisal.

If an application is for the division of an existing loan, a flat fee of $15.00 is charged the borrower if he is one of the applicants. The other applicants submitting applications in connection with the division are charged the regular fees as provided in the Federal land bank schedule.

In case of a substitute or amended application where the property offered as security has already been appraised, an additional fee of $10.00 is charged by the bank in each of the following types of cases: (a) A substitute application is submitted or an old one is amended in order to offer additional security;

(b) A portion of the security is withdrawn from the application; (c) One person makes an application, the proffered security is sold and the new owner desires to substitute his application for the original application. (Sec. 13 "Ninth", 39 Stat. 372, secs. 32, 33, 48 Stat. 48, 49, as amended, secs. 1, 2, 48 Stat. 344, 345; 12 U.S.C. 781 "Ninth", 1016, 1017, 1020, 1020a, and Sup.; 6 CFR 19.4019) [Res. Ex. Com., June 22, 1936]

30.2 Fees for partial releases of single Federal Land Bank of Houston loans; amount; refund; costs and charges in connection with reappraisals. A fee of $15.00 shall be paid to the Federal Land Bank of Houston by the applicant in connection with each application for a partial release, and, in addition, such applicant shall be required to pay such additional expense as incurred by the endorsing association, not exceeding $10.00. The amount collected to cover the association's expense shall be paid to the association. If a reappraisal is made by a land bank appraiser, the $15.00 charged shall be retained by the Federal Land Bank of Houston. If no reappraisal is made,

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the bank shall return to the association for the benefit of the applicant $5.00 of the $15.00 fee collected, the bank retaining the remaining $10.00. If the application is for a partial release of a small portion of the security for highway, school, church, cemetery, or other public use, ordinarily no reappraisal by a land bank appraiser is made. In such cases the only fee required with the application is a sum not to exceed $10.00 paid to the endorsing association. If reappraisal becomes necessary by a land bank appraiser, the bank shall collect a fee of $10.00 to apply on appraisal cost. (Sec. 13 "Ninth", 39 Stat. 372; 12 U.S.C. 781 "Ninth") [Res. Ex. Com., June 30, 1931]

30.3 Fees for application for partial release of first lien Land Bank Commissioner loans; amount; costs and charges in connection with reappraisals. A fee of $17.00 shall be collected by the Federal Land Bank of Houston for partial release in connection with a first lien Land Bank Commissioner loan. If it is determined that a reappraisal by a land bank appraiser is unnecessary, $10.00 of the fee collected is refunded to the correspondent association for the applicant. The sum of $2.00 of the fee is refunded to the correspondent association to cover expenses in handling the application, the remaining $5.00 to be retained by the Federal Land Bank of Houston. If an application is for a release of an inconsequential portion of the security or for road, right-of-way, school, or church purposes, the bank charges only a $2.00 fee, which amount is refunded to the correspondent association to cover its expenses for handling the application. If reappraisal by a land bank appraiser is necessary, the bank collects from the applicant the sum of $10.00 to apply on reappraisal expense. (Sec. 13 "Ninth", 39 Stat. 372, sec. 32, 48 Stat. 48, as amended, secs. 1, 2, 48 Stat. 344, 345; 12 U.S.C. 781 "Ninth", 1016, 1020, 1020a, and Sup.) [Res. Ex. Com., May 27, 1935, as amended by Res. Ex. Com., Sept. 4, 1935, as amended by Res. Ex. Com., Oct. 23, 1935]

30.4 Fees for partial releases of joint Federal land bank and Land Bank Commissioner loans; amount; refund; costs and charges in connection with reappraisals. A fee of $17.50 and such additional expense as may be incurred by the endorsing association, not exceeding $10.00, shall be charged by the bank and shall be collected by the Federal Land Bank of Houston for partial releases of joint Federal land bank and Land Bank Commissioner loans. The amount collected to cover the association's expense is paid to the association by the bank. If reappraisal by a land bank appraiser is not required, $5.00 of the fee shall be refunded to the association for the applicant, and the remaining $12.50 shall be retained by the bank to apply on expenses. If the application for partial release is for an inconsequential portion of the security, or for road, right-of-way, school, or church purposes, ordinarily no reappraisal by a land bank appraiser is made, The only fee charged in such cases is an amount not exceeding $10.00 to be paid to the association. If reappraisal is necessary to be made by a land bank appraiser, the bank shall collect an additional fee of $10.00 to apply on appraisal cost. (Sec. 13 "Ninth", 39 Stat. 372, sec. 32, 48

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Stat. 48, as amended, secs. 1, 2, 48 "Ninth", 1016, 1020, 1020a, and Sup.)

Stat. 344, 345; 12 U.S.C. 781 [Res. Ex. Com., May 27, 1935] 30.5 Fees for reamortization of single Federal land bank loans; amount; refund. A fee of $15.00 shall be paid to the Federal Land Bank of Houston by the borrower applying for a reamortization of a single Federal land bank loan. Of this amount, the sum of $5.00 collected is by the bank paid to the endorsing association to cover its expenses. If the application is declined without reappraisal of the security by a land bank appraiser, the remaining $10.00 of the fee is returned to the association for the applicant. If the application is declined after reappraisal of the security by a land bank appraiser, the $10.00 is retained by the bank to apply on expenses. If the application is approved for reamortization, the $10.00 is retained by the bank to apply on expenses.

In addition to the reamortization fee, the borrower is required to pay actual cash outlays for abstract expenses, notarial costs, recording fees and other disbursements necessary for the completion of the transaction. (Sec. 13 "Thirteenth", as added by sec. 4, 47 Stat. 1548; 12 U.S.C. 781 "Thirteenth") [Res. Ex. Com., Mar. 1, 1938]

30.6 Fees for reamortization of single Land Bank Commissioner loans; amount; refund. A fee of $10.00 shall be paid to the Federal Land Bank of Houston by the borrower applying for a reamortization of a single Land Bank Commissioner loan. If the application is declined without reappraisal of the security by a land bank appraiser, the $10.00 fee shall be returned to the association for the benefit of the applicant. If the application is declined after reappraisal of the security by a land bank appraiser, the $10.00 fee is retained by the bank to apply on expenses. If the application is approved for reamortization, the $10.00 is retained by the bank to apply on expenses. In addition to the $10.00 fee for reamortization, the borrower shall be required to pay actual cash outlays for abstract expenses, notarial costs, recording fees and other disbursements necessary to the completion of the transaction. (Sec. 32, 48 Stat. 48, as amended, secs. 1, 2, 48 Stat. 344, 345; 12 U.S.C. 1016, 1020, 1020a, and Sup.; 6 CFR 19.4043, 19.4045) [Res. Ex. Com., Mar. 1, 1938]

30.7 Fees for reamortization of joint land bank and Commissioner loans; amount; refund; other costs and charges. A fee of $25.00 shall be collected by the Federal Land Bank of Houston from joint borrowers applying for reamortization of both a land bank loan and a related second lien Commissioner loan. The Federal Land Bank of Houston shall pay $5.00 of the fee to the association for expenses incurred by it in connection with the application insofar as the land bank loan is affected. If the application is declined without reappraisal of the security by a land bank appraiser, the remaining $20.00 shall be by the bank returned to the association for the benefit of the applicant. If the application is declined after reappraisal of the security by a land bank appraiser, $10.00 of the $20.00 fee shall be retained by the bank to apply on expenses; remaining $10.00 shall be returned to the association for the benefit of the applicant. If the

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