§ 53713. Administrative fees

• (a) The Secretary or Administrator shall charge and collect from the obligor fees the Secretary or Administrator considers reasonable for processing the application and monitoring the loan guarantee, including for—
  • (1) investigating an application for a guarantee;
  • (2) appraising property offered as security for a guarantee;
  • (3) issuing a commitment;
  • (4) providing services related to an escrow fund under section 53715 of this title or a deposit fund under section 53716 of this title ;
  • (5) inspecting property during construction, reconstruction, or reconditioning; and
  • (6) monitoring and providing services related to the obligor’s compliance with any terms related to the obligations, the guarantee, or maintenance of the Secretary or Administrator’s security interests under this chapter.
• (b) The total fees under subsection (a) may not exceed 0.5 percent of the original principal amount of the obligations to be guaranteed.
• (c)
  • (1) The Secretary or Administrator may charge and collect fees to cover the costs of independent analysis under section 53703(c) of this title . Notwithstanding section 3302 of title 31 , any fee collected under this subsection shall—
    • (A) be credited as an offsetting collection to the account that finances the administration of the loan guarantee program;
    • (B) be available for expenditure only to pay the costs of activities and services for which the fee is imposed; and
    • (C) remain available until expended.
  • (2) Fees collected under this subsection are not subject to the limitation of subsection (b).