<P> For closed - end reverse mortgages, a lender or broker is required to provide the consumer with the standard Good Faith Estimate (GFE) form . A Good Faith Estimate of settlement costs is a three - page document that shows estimates for the costs that the borrower will likely incur at settlement and related loan information . It is designed to allow borrowers to shop for a mortgage loan by comparing settlement costs and loan terms . These costs include, but are not limited to: </P> <Ul> <Li> Origination charges </Li> <Li> Estimates for required services (e.g., appraisals, credit report fees, flood certification) </Li> <Li> Title insurance </Li> <Li> Per diem interest </Li> <Li> Escrow deposits, and </Li> <Li> Insurance premiums </Li> </Ul> <Li> Estimates for required services (e.g., appraisals, credit report fees, flood certification) </Li> <Li> Per diem interest </Li>

The real estate settlement procedures act states all of the following except