KRS 286.4-535: Closing costs collectible when liens on real estate taken as security.

Notwithstanding the provisions of KRS 286.4 -530(10) or of any other law, in any

extension of credit pursuant to KRS 286.4 -420 to 286.4 -991 wherein the licensee shall

take a lien on real estate for security for any loan under this subtitle, the licensee may

charge and collect the following closing costs if they are bona fide, reasonable in amount

and not for the purpose of circumvention or evasion of the provisions of this subtitle:

(1) Fees or premiums for title examination, abstract of title, title insura nce, survey, or

similar purposes, if not paid to the lender or a person related to the lender;

(2) Fees for preparation of a deed, settlement statement, or other document, if not paid

to the lender or a person related to the lender;

(3) Escrows for futur e payment of taxes, including assessments for improvements,

insurance, and water, sewer and land rents;

(4) Fees for notarizing deeds and other documents, if not paid to the lender or a person

related to the lender;

(5) Appraisal fees, if not paid to the lender or a person related to the lender.