Comment for 1026.38 - Content of Disclosures for Certain Mortgage Transactions (Closing Disclosure)
Calculation of finance charge.
- 1026 (Regulation Z)
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Calculation of finance charge.
(iv) The prepaid finance charge.
6(a)(1) Finance Charge
Rebate of finance charge.
38(o)(2) Finance charge.
(c) Charges excluded from the finance charge. The following charges are not finance charges:
The requirement that a finance charge may be computed and imposed from time to time on the outstanding
(3) Subtracting any prepaid finance charge.
2(a)(23) Prepaid Finance Charge
Different finance charge terms.
Pursuant to section 171(c) of the Act, discounts excluded from the finance charge under this paragraph
Finance charges.
(iv) An explanation of how the amount of any finance charge will be determined, including a description
The finance charge is the sum of the estimated interest and any prepaid finance charge.
The finance charge is the sum of the estimated interest and any prepaid finance charge.
Finance charges not added to account.
(iv) The amount of any finance charge.
Finance charge on an outstanding balance.
A statement that the borrower may pay a minimum finance charge upon prepayment in a simple-interest transaction
Section 44-287 B.6 - Disclosure of finance charge.
(23) Prepaid finance charge means any finance charge paid separately in cash or by check before or at
interest payable during the construction period shall be treated for computation purposes as a prepaid finance
The percentage rate of finance charge for a fraction (less than 1) of a unit-period shall be equal to
(iv) The method of determining the finance charge.
(d) Finance charge imposed at time of transaction.