Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)
The loan officer is generally the natural person employed by the creditor or mortgage broker disclosed
- 1026 (Regulation Z)
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The loan officer is generally the natural person employed by the creditor or mortgage broker disclosed
For example, payments by a mortgage broker to an individual loan originator as compensation for originating
the consumer, (i), (j), (l) through (p), (q)(1), and (r) with respect to the creditor and mortgage broker
that a consumer pays to the creditor a $3,000 origination fee and that the creditor pays a mortgage broker
officer (labeled “Loan Officer” and “NMLS ID/License ID,” respectively) of the creditor and the mortgage broker
subject to the requirements of § 1026.32 or one or more such credit extensions through a mortgage broker
application when the application reaches the creditor by telephone, or through an intermediary agent or broker
“Any amount” includes finance charges already accrued, as well as other charges, such as broker fees,
1026.28, any reference to “creditor” in § 1026.28 or this commentary includes a creditor, a mortgage broker
third-party record includes a document or other record prepared by the consumer, the creditor, the mortgage broker
publications, or when the application is received by telephone or through an intermediary agent or broker
“Any amount” includes finance charges already accrued, as well as other charges such as broker fees,
If a transaction involves more than one creditor or mortgage broker, the space provided on form H-24
Thus, any NMLSR ID that is obtained by a creditor or mortgage broker entity disclosed under § 1026.38
For example, if the senior loan officer employed by the creditor or mortgage broker disclosed under §
therefore restrict activity that may occur prior to receipt of an application by a creditor or mortgage broker
For example, the disclosure required by § 1026.38(r) of the consumer's or seller's real estate broker
connection with the transaction that would be provided by persons other than the creditor or mortgage broker
with § 1026.19(e)(1)(vi)(A) and that are provided by persons other than the creditor or mortgage broker
October 3, 2015, without respect to whether an application was received by the creditor or mortgage broker
with § 1026.19(e)(1)(vi)(A) and that are provided by persons other than the creditor or mortgage broker
include a person that performs only real estate brokerage activities (e.g., does not perform mortgage broker
its decision to make the loan; that would be provided by persons other than the creditor or mortgage broker
1026.38(i), (j), (l) through (p), or (r), with respect to closing costs paid by the creditor and mortgage broker
Where a loan originator is a mortgage broker, a disclosure of compensation or broker agreement required