Final answer:
False. Once fees are added to a loan, it is possible to edit those fee amounts.
Step-by-step explanation:
True or False: Once fees are added to a loan, you are not able to edit those fee amounts.
False. Once fees are added to a loan, it is possible to edit those fee amounts.
For example, let's say you take out a loan of $10,000 and an additional fee of $500 is added to the total. If you realize later that a mistake was made or if you need to change the fee amount for any reason, you can contact the lender and request to edit the fee. They will review your request and make the necessary adjustments if approved.