Comment for 1026.36 - Prohibited Acts or Practices and Certain Requirements for Credit Secured by a Dwelling
Compensation determined only with reference to non-mortgage-related business profits.
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
Compensation determined only with reference to non-mortgage-related business profits.
Non-federally related mortgage loans.
) requires that a covered transaction be eligible for purchase or guarantee by the Federal National Mortgage
indemnification demand by Fannie Mae, Freddie Mac, HUD, VA, USDA, or RHS is not dispositive of qualified mortgage
covered transaction without a prepayment penalty satisfies the points and fees conditions for a qualified mortgage
costs paid by the consumer, (i), (j), (l) through (p), (q)(1), and (r) with respect to the creditor and mortgage
ceases to qualify for an exemption pursuant to paragraph (e)(5)(i) of this section with respect to a mortgage
transaction to finance the initial construction of the consumer's principal dwelling is a residential mortgage
Mortgage insurance premiums and other finance charges are sometimes paid at or before consummation or
interest rate, loan balance and loan term, and does not refer to payment of other elements such as mortgage
For example, the disclosure form might state, “Information on other adjustable rate mortgage programs
A prepayment penalty is prohibited with this mortgage transaction because the payment may change within
The party identified must be the covered person who owns the mortgage loan, regardless of whether another
For example, a third-party record includes the creditor's records for a first-lien mortgage to a consumer
months and including the resulting amount in the determination of the consumer's monthly payment for mortgage-related
Creditors are required to disclose a series of total annual loan cost rates for each reverse mortgage
terms of the legal obligation; the term “negative amortization loan” means a loan, other than a reverse mortgage
other person may impose a fee on a consumer in connection with the consumer's application for a reverse mortgage
basis and the refund is automatically issued upon notification of the satisfaction of the underlying mortgage
basis and the refund is automatically issued upon notification of the satisfaction of the underlying mortgage
A creditor that extends credit under a high-cost mortgage may not finance charges that are required to
These rules are substantively identical to the Board's and the OCC's higher-priced mortgage loan appraisal
registered and licensed in accordance with those laws, including the Secure and Fair Enforcement for Mortgage
first-time borrower in connection with a closed-end transaction secured by a dwelling, other than a reverse mortgage
preceded by the applicable unit-period, and a statement referring to the payment amount that includes any mortgage