§ 1026.47 Content of disclosures.
A statement that, before the loan may be consummated, the consumer must complete the self-certification
- 1026 (Regulation Z)
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A statement that, before the loan may be consummated, the consumer must complete the self-certification
Generally, when a credit sale is refinanced within the meaning of § 1026.20(a), loan disclosures
rules apply to the requirement that the terms “annual percentage rate” (except for private education loan
In addition, if a loan feature must be taken into account in preparing the disclosures required by §&
Transfer taxes paid by the seller in a purchase transaction are not disclosed on the Loan Estimate under
contracts for in connection with the financing transaction and that will be paid in whole or in part with loan
profits-based compensation plan is set, the profits of the person, the business unit to which the individual loan
For example, if the senior loan officer employed by the creditor or mortgage broker disclosed under §
(i) A creditor shall maintain records sufficient to evidence all compensation it pays to a loan originator
(i) For a transaction in which the annual percentage rate will not vary during the term of the loan or
Under the master heading “Additional Information About This Loan” required by paragraph (l) of this section
(B) A loan that is eligible to be insured, except with regard to matters wholly unrelated to ability
(iii) Notwithstanding paragraph (d)(1)(i) of this section, for a loan that the consumer may use for multiple
if the creditor has reason to believe that the consumer has committed fraud in connection with the loan
H-28(G) Mortgage Loan Transaction Closing Disclosure - Spanish Language Purchase Sample Description:
H-28(H) Mortgage Loan Transaction Closing Disclosure - Spanish Language Refinance Sample Description:
Revisions to the disclosures also are required when the loan program changes.
Combining the disclosure of loan term and payment deferral options required in § 1026.47(a)(3) with
appraisal or the sales price on the HUD-1 Settlement Statement from the sale of the property, results in a loan-to-value
The periodic statement must clearly and conspicuously explain that, as applicable, the mortgage loan
before the first payment at the adjusted level is due after the initial interest rate adjustment of the loan
Under § 1026.35(c)(2)(vii)(B), the regular periodic payments on the refinance loan must not: result
Section 1026.36(d)(1)(iii) permits an individual loan originator to receive, and a person to pay, compensation
For an adjustable rate loan, in disclosing the maximum possible payment for principal and interest under
For a loan on which only interest and no principal has been paid, the outstanding principal balance at