§ 12-307. Collection of certain fees

   (a) In general. -- At the time a loan is made, a lender may collect from the borrower:

   (1) As to any item of the total property that secures a loan:

      (i) The fees paid to a public official or governmental agency for recording or satisfying a mortgage, encumbrance, or lien on any property securing the loan; or

      (ii) An equal or lesser amount for nonfiling insurance premium on any property, or portion of the property, that is not recorded if:

         1. The Insurance Commissioner approves the rates; and

         2. A commission is not paid on the policy; and

   (2) The title insurance premiums or reasonable attorney's fees paid for searching and insuring the title to any real property securing the loan.

(b) Bad check fee. -- A lender may collect from the borrower a fee not exceeding $ 15 if payment is made with a check that is dishonored on the second presentment.

HISTORY: An. Code 1957, art. 11, § 196; 1975, ch. 49, § 3; 1977, ch. 693, § 2; 1979, chs. 159, 357; 1980, ch. 735; 1984, ch. 217; 1991, ch. 432.