Comment for 1026.43 - Minimum Standards for Transactions Secured by a Dwelling
negative amortization loan, whether such covered transaction is a fixed-rate, adjustable-rate or step-rate mortgage
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
negative amortization loan, whether such covered transaction is a fixed-rate, adjustable-rate or step-rate mortgage
for a calendar year that is paid out of a bonus pool determined with reference to the profits of the mortgage
For purposes of this paragraph (c), an adjustable-rate mortgage or “ARM” is a closed-end consumer credit
For purposes of this paragraph (d), an adjustable-rate mortgage or “ARM” is a closed-end consumer credit
(B) Determines the consumer's repayment ability taking into account current obligations and mortgage-related
(B) If the consumer's bankruptcy plan requires the consumer to make the post-petition mortgage payments
(i) The loan satisfies the requirements for a qualified mortgage in paragraphs (e)(2)(i)(A), (e)(2)(ii
increase in the CPI-U that was reported on the preceding June 1, a covered transaction is not a qualified mortgage
decrease in the CPI-U that was reported on the preceding June 1, a covered transaction is not a qualified mortgage
increase in the CPI-U that was reported on the preceding June 1, a covered transaction is not a qualified mortgage
increase in the CPI-U that was reported on the preceding June 1, a covered transaction is not a qualified mortgage
Examples of special rule regarding disclosure of the automatic termination of mortgage insurance. i.
H-28(G) Mortgage Loan Transaction Closing Disclosure - Spanish Language Purchase Sample Description:
H-28(H) Mortgage Loan Transaction Closing Disclosure - Spanish Language Refinance Sample Description:
Any consumer who is currently receiving disclosures for any account (for example, a mortgage or checking
Compensation to an individual loan originator that is based upon profits determined with reference to a mortgage-related
Calculation of mortgage insurance termination.
Assume that a consumer applies for a mortgage loan on February 1st.
Under § 1026.43(d)(1)(ii)(A), a “standard mortgage” must provide for regular periodic payments that
assuming all scheduled payments are made under the terms of the legal obligation in effect before the mortgage
Assume that a creditor delivered a loan, which the creditor determined was a qualified mortgage at the
is set by 1.5 or more percentage points for a first-lien covered transaction, other than a qualified mortgage
When the creditor holds a mortgage or deed of trust on the consumer's principal dwelling and that mortgage
For example, a consumer and a bank agree to a mortgage with an interest rate of 15% and level payments
However, a residential mortgage transaction with the elements described in § 1026.20(b) is an assumption