What is one requirement of the maximum rate schedule filing?

A key requirement of the maximum rate schedule filing is that it must include a $45 initial filing fee. This fee is necessary for the processing of the filing by the relevant state authority. Such fees are common in regulatory processes to help cover administrative costs and ensure efficient handling of necessary documentation.

While other aspects of the filing process are important, such as ensuring the document is understandable and follows general formatting guidelines, the specific requirement of including a fee ties into the broader regulatory framework that governs mortgage loan originators. The fee also signals the seriousness and commitment of the lender to adhere to established regulatory practices.