§ 1026.34 Prohibited acts or practices in connection with high-cost mortgages.
paragraph (a)(5) but may not condition the payment of such fees on the consummation or account-opening of a mortgage
- 1026 (Regulation Z)
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paragraph (a)(5) but may not condition the payment of such fees on the consummation or account-opening of a mortgage
name, income, social security number, property address, estimate of the value of the property, and the mortgage
or other person may impose a credit report fee in connection with the consumer's application for a mortgage
If a confirmed successor in interest who is not liable on the mortgage loan obligation executes and then
For example, an escrow account must be established on a higher-priced mortgage loan secured by a first
2016 for the purposes of qualifying for the “rural or underserved” exemption for any higher-priced mortgage
principal and interest payment required to be disclosed by § 1026.37(c)(2)(i) and a $164.49 periodic mortgage
to pay a debt or that the borrower wishes the servicer to cease communications, with regard to that mortgage
Estimates of mortgage-related obligations should be based upon information that is known to the creditor
does not include the special assessment in the determination of the consumer's monthly payment for mortgage-related
This sample illustrates a mortgage with a demand feature.
Beginning on the effective date of transfer of the servicing of any mortgage loan, with respect to payments
paragraph (b) of this section if no loss mitigation option is available, or while any borrower on that mortgage
(1) Mortgage loans.
(B) The actuarial life expectancy of the consumer to become obligated on the reverse mortgage transaction
Notwithstanding the previous paragraph, no presumption of compliance is available for an open-end, high-cost mortgage
provided in paragraphs (c)(2) and (c)(4)(vii) of this section, a creditor shall not extend a higher-priced mortgage
(3) For purposes of this section, NMLSR ID means a number assigned by the Nationwide Mortgage Licensing
A closed-end consumer credit transaction secured by a dwelling is referred to as a mortgage loan for
(A) If a servicer fails at any time to treat a mortgage loan that is exempt under paragraph (e)(6)(i)
applicable limit under paragraph (e)(3)(i) of this section, the loan is not precluded from being a qualified mortgage
respective agency pursuant to its authority under TILA section 129C(b)(3)(ii) to define a qualified mortgage
institution's related policies and procedures, including prohibiting such employees from acting as mortgage
A residential mortgage transaction finances the acquisition of a consumer's principal dwelling.
But an application for both a temporary loan to finance construction of a dwelling and a permanent mortgage