Comment for 1026.2 - Definitions and Rules of Construction
A residential mortgage transaction includes a loan to finance the construction of a consumer's principal
- 1026 (Regulation Z)
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A residential mortgage transaction includes a loan to finance the construction of a consumer's principal
Except as provided in § 1026.32(d)(1)(ii) and (iii), a mortgage transaction subject to this section
Reliance on oral statements of interested parties, such as the consumer, seller, or mortgage broker,
The disclosures required by § 1026.39(d)(5) apply only to a mortgage loan that is a closed-end consumer
[ ]-year loan term 0 [ ] 4 [ ] 8 [ ] The cost of any reverse mortgage
complaint; and the link or uniform resource locator address to the Web site: www.consumerfinance.gov/mortgage-closing
(ii) Establish by agreement that the mortgage broker must present the consumer an alternative covered
Both transactions are residential mortgage transactions.
For a step-rate mortgage, the creditor should disclose the highest rate that could apply under the terms
To become a “covered person” subject to this section, a person must become the owner of an existing mortgage
as of January 1 of the current year qualifies as a small servicer) begins servicing more than 5,000 mortgage
as of January 1 of the current year qualifies as a small servicer) begins servicing more than 5,000 mortgage
(5) Subpart E contains special rules for mortgage transactions.
If a creditor offers a transaction with a prepayment penalty to a consumer through a mortgage broker,
Federal and State mortgage insurance premiums and guaranty fees.
date and the bankruptcy plan provides that the consumer will surrender the dwelling, such that the mortgage
Section 1026.43(b)(8) includes in the evaluation of mortgage-related obligations premiums and similar
A “standard mortgage” must have an interest rate that is fixed for at least the first five years (60
In a residential mortgage transaction, a statement whether or not a subsequent purchaser of the dwelling
demand repayment of the entire outstanding balance in advance of the original term (except for reverse mortgage
Any person, whether or not the original creditor, that sells or assigns a mortgage subject to §
In a refinancing of a residential mortgage transaction with a new creditor (other than a transaction
(A) That compensation is paid by a consumer to a mortgage broker, as defined in § 1026.36(a)(2),
(A) That compensation is paid by a consumer to a mortgage broker, as defined in § 1026.36(a)(2),
(D) The qualified mortgage is sold, assigned, or otherwise transferred pursuant to a merger of the creditor