BOARD01742

• Board Meeting Date: 11/25/2002
• Description: CF Section - Policy Review Policy #16 - Service Charges for Loans from the Construction Fund and Severance Tax Trust Fund Perpetual Base Account
• Board Meetings - Doc Type: Memo

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Partial Releases of Collateral - A service fee of $500 will be assessed
for each partial release of collateral provided for in the loan contract to
cover the CWCB's a\lministrative costs, local and county recording
and releasing fees, an\l Colorado Secretary of State filing fees, where
applicable. Where a loan contract includes multiple deeds of trust (or
other security instruments), each additional instrument will be subject
to an additional $500 charge. For example, a contract with five deeds
of trust seeking a partial release will be charged $2,500. Such service
fee will be applied every time a partial release is prepared over the life
of the loan. The service fee shall be remitted to the CWCB by the
borrower prior to preparing the release documents. Partial releases
processed outside the terms of the contract and requiring a contract
amendment will be considered an amendment subject to a $1,000
service fee.

Service Fee Schedule - The table below lists the loan contracts,
amendments, and partial releases of collateral subject to a service fee
in accordance with the above policy.

LOANS AMENDMENTS PARTIAL RELEASES OF
1 % SERVICE FEE $1,000 PER AMENDMENT COLLATERAL
$500 PER RELEASE
Construction Fund Partial releases not included Partial releases provided for
in the terms of the loan in the loan contract
Severance Tax Trust Fund contract
Perpetual Base Account
Change in borrower name
(novation)
Assignment of cortract
Substitution of collateral
Loan payment deferments (in
excess of3 per loan)
Loan consolidation

Flood Protection. Water Project Planning aitd Financing. Stream and Lake Protection
Water Supply Protection. Conservation Planning

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