Comment for 1026.38 - Content of Disclosures for Certain Mortgage Transactions (Closing Disclosure)
gives a statement that the “Final” amount disclosed under § 1026.38(e)(3)(ii) is equal to the “Loan
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
gives a statement that the “Final” amount disclosed under § 1026.38(e)(3)(ii) is equal to the “Loan
Assumption of existing loan obligation of seller by consumer.
A creditor may contact a consumer who has not been pre-selected for a private education loan about taking
Under § 1026.18(s)(7)(v), a negative amortization loan is one that requires only a minimum periodic
that the minimum payment pays only some interest, does not repay any principal, and will cause the loan
(B) 8.5 percentage points for a first-lien transaction if the dwelling is personal property and the loan
qualify for an exemption pursuant to paragraph (e)(5)(i) of this section with respect to a mortgage loan
(A) The loan otherwise meets the requirements of paragraphs (e)(2), (e)(4), (e)(5), (e)(6), or (f) of
The disclosures required by § 1026.47(c) shall be provided after the consumer accepts the loan
(i) The consumer has the right to cancel the loan, without penalty, at any time before the cancellation
for an explanation of the projected payments disclosure for a construction or construction-permanent loan
Example of payment calculation for an interest-only loan.
For example, creditors may not add additional pages in between the pages of the Loan Estimate, or attach
(iii) Maximum insurable loan balance, maximum periodic benefit payment, maximum number of payments, or
(2) A loan program disclosure for each variable-rate program in which the consumer expresses an interest
defines the class of transactions based on an appropriate period of time, geographic area, and type of loan
(iii) Within a reasonable time, whatever adjustments are necessary are made to the loan or credit plan
(iii) Within a reasonable time, whatever adjustments are necessary are made to the loan or credit plan
The minimum and maximum interest rates for the loan, after any introductory period expires, labeled “
Under the master heading “Additional Information About This Loan” required by paragraph (k) of this section
(B) For a loan amount greater than or equal to $60,000 (indexed for inflation) but less than $100,000
(D) For a loan amount greater than or equal to $12,500 (indexed for inflation) but less than $20,000
(E) A loan that is eligible to be insured, except with regard to matters wholly unrelated to ability
offers generally to the public, via advertisements or other marketing or via other persons that are loan
The remaining loan term as of June 1, 2016, the date of the recast, which is 27 years and nine months