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HomeEquity Bank Fee Schedule

Effective July 16th , 2020

FEES

The table of fees below outlines the expenses to maintain your property in good standing (such as the payment of overdue property taxes), legal fees and expenses incurred in collecting missed payments, and expenses incurred by the Bank to realize on its security interest

AMOUNT/COST

(Plus Any Applicable Sales Tax)

Default processing, including (but not limited to): condominium fees, property taxes, legal costs, title searches, occupancy checks, property management, and tax certificates. $150.00
Insufficient funds $100.00
Subsequent advance request $50.00
Adding a Power of Attorney (POA) to your account $500.00
Property severance or subdivision $500.00
Reprint of annual statements or other letters $25.00
Title changes or title acknowledgements $250.00
Contacting insurer and/or other financial institution(s) on behalf of client $100.00
Cheque processing $25.00
Planned Advance Account changes $50.00
Impairment Insurance $60.00
Property Tax Verification*
*this fee is in addition to the costs charged by your municipality to provide tax information
$100.00
Discharge1 – ON, NS, NB, SK, PEI and NF only
1 Not applicable in Quebec and Alberta, where there are no fees. British Columbia and Manitoba are subject to a $75 and $100 discharge fee, respectively.
$399.00
You are required to pay the fees above when requested by us. Unpaid fees and charges are added to the mortgage balance and will accrue interest.

Note: These fees may be changed from time to time without prior notice.