If I was attempting to refinance my home and I had to pay the bank an appraisal fee but the loan was denied due to invalid appraisal, can I get a refund?

Asked on November 18, 2014 under Business Law, Missouri

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

What did the contract, agreement, application form, etc. which you signed when applying for the refinance say? If it stated that you could get a refund of the fee under these circumstances, you could get it; but if (as is more likely) it states that the fee is nonrefundable, it is nonrefundable. Whatever a contract or other agreement states about refunds will be binding.


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