Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)
1026.37(b)(1) and any amount of existing loans assumed or taken subject to that will be disclosed on the Closing
- 1026 (Regulation Z)
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1026.37(b)(1) and any amount of existing loans assumed or taken subject to that will be disclosed on the Closing
Where more than one property secures the credit transaction, § 1026.38(a)(3)(vi) requires disclosure
The amount of estimated escrow payments disclosed on the Closing Disclosure is accurate if it differs
This paragraph requires disclosure of preferred-rate provisions, where the rate will increase upon the
home equity loan, or for simultaneous subordinate financing purchase transactions if the first-lien Closing
The optional alternative disclosure of the calculating cash to close table in § 1026.37(h)(2) may
For payments to subordinate lien holders by or on behalf of the consumer, disclosure of any amounts paid
the creditor complies with § 1026.38(q) if (1) the size and location of the question mark on the Closing
escrow payments as described in § 1026.37(c)(2)(iii) and (c)(4)(ii), the amount disclosed on the Closing
The disbursement date on the simultaneous subordinate financing Closing Disclosure is the date some or
Section 1026.38(j)(2)(vi) requires disclosure of a description and the amount of items paid by or on
Like the disclosure required by § 1026.37(i), the disclosure required by § 1026.38(m) is required
that the consumer should see the total loan costs and total other costs subtotals disclosed on the Closing
that the consumer should see the total loan costs and total other costs subtotals disclosed on the Closing
Disclosure of subordinate financing. i. First-lien Closing Disclosure.
Section 1026.38(j)(1)(v) requires disclosure of amounts not otherwise disclosed under § 1026.38(
If there is no deposit paid in a transaction, that amount is left blank on the Closing Disclosure.
actual terms of the seller's transaction in accordance with comment 19(f)(4)(i)-1 if the first-lien Closing
Similarly, closing costs or settlement costs, for example, may be used to describe charges imposed in
Section 1026.38(j)(1)(ii) requires disclosure of the contract sales price of the property being sold,
Escrow closing fee.
Because these amounts are disclosed under § 1026.38(j)(1)(v) on the Closing Disclosure, they are
However, pursuant to § 1026.38(f)(1), such compensation is itemized on the Closing Disclosure required
subordinate financing purchase transaction as defined in § 1026.37(a)(9)(i) if the first-lien Closing
use of the Loan Estimate form H-24 of appendix H to this part pursuant to § 1026.37(o) or the Closing