Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)
If the loan product is an adjustable rate with an introductory period that is not yet known at the time
- 1026 (Regulation Z)
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If the loan product is an adjustable rate with an introductory period that is not yet known at the time
Construction loan inspection and handling fees.
Calculating compensation to a loan originator from the creditor.
All persons that jointly acquire legal title to the loan are covered persons under this section, and
Except as provided in § 1026.41(e)(5), § 1026.41(f) applies with regard to a mortgage loan
purposes of § 1026.43(c)(2)(iii), the creditor must determine the consumer's ability to repay the loan
The total annual loan cost rate for a reverse mortgage transaction must be determined by first solving
Section 1003.3(c)(8) provides that the purchase of a partial interest in a closed-end mortgage loan or
Assume a financial institution does not consider an application for a covered loan to be a cash-out refinancing
or (iv) of this section, in connection with a consumer credit transaction secured by a dwelling, no loan
closed-end credit that exceeds the threshold amount in effect at the time of consummation, the closed-end loan
For example, assume an insured depository institution or insured credit union originates a covered loan
(3) For each of its individual loan originator employees who is not required to be licensed and is not
If one or more regular periodic payments may be applied only to interest accrued and not to the loan
Loan amount.
(i) If a disclosure is provided for the covered loan pursuant to Regulation Z, 12 CFR 1026.19(f), the
Assume that a consumer does not list a student loan in her written statement pursuant to § 1041.5
Owner or assignee of a mortgage loan. i.
itself a regular periodic payment and is more than two times any one regular periodic payment during the loan
For purposes of § 1003.4(a), a purchase includes a repurchase of a covered loan, regardless of whether
A covered loan secured by five or more separate dwellings, which are not multifamily dwellings, in more
(A) In the case of a loan that has an adjustable interest rate, the maximum principal and interest payment
(2) The mortgage loan is transferred to the covered person in connection with a repurchase agreement
borrower for the purpose of reaching a mutual understanding about prospective residential mortgage loan
Assume that in connection with a covered short-term loan, a consumer would owe on a particular date $25