Appendix H to Part 1026 — Closed-End Model Forms and Clauses
H-28(C) Mortgage Loan Transaction Loan Estimate - Spanish Language Refinance Sample Description: This
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
H-28(C) Mortgage Loan Transaction Loan Estimate - Spanish Language Refinance Sample Description: This
“Covered persons” include creditors, mortgage brokers, appraisers, appraisal management companies, real
For example, the assumption clause commonly used in mortgages sold to the Federal National Mortgage Association
Under § 1026.43(e)(5)(ii)(B), a qualified mortgage under § 1026.43(e)(5) may be sold, assigned
purchase of the dwelling securing the existing obligation, if the resulting obligation is a closed-end mortgage
(B) A consumer meets with a loan officer of a creditor to apply for a mortgage loan.
A creditor meets the rural-or-underserved test for any higher-priced mortgage loan consummated during
transaction activity does not, the creditor satisfies this condition for exemption for a higher-priced mortgage
creditor satisfies the criterion in § 1026.35(b)(2)(iii)(C) for purposes of any higher-priced mortgage
For example, if a mortgage loan was originated on January 1, 2013, a servicer is not required by §
status if it retains a subservicer, as that term is defined in 12 CFR 1024.31, to service any of its mortgage
The transaction will meet the definition of a qualified mortgage if the creditor underwrites the loan
The following language is suggested but is not required: Home Mortgage Disclosure Act Notice The HMDA
the borrower's monthly income, the property address, an estimate of the value of the property, the mortgage
used for transfer taxes, interest charges, reserves or escrow, or any type of insurance, including mortgage
If a transferee servicer acquires the servicing of a mortgage loan for which a complete loss mitigation
A creditor or assignee in a high-cost mortgage, as defined in § 1026.32(a), who, when acting in
Any late payment charge imposed in connection with a high-cost mortgage must be specifically permitted
A payoff statement, as described in paragraph (a)(9)(i) of this section, for a high-cost mortgage shall
(B) An area is “underserved” during a calendar year if, according to Home Mortgage Disclosure Act (HMDA
a breakdown showing how much, if any, will be applied to principal, interest, and escrow and, if a mortgage
In addition to any other provisions of this paragraph (f) that may apply, with regard to a mortgage loan
(A) A creditor or assignee of a qualified mortgage, as defined in paragraph (e)(2), (e)(4), (e)(5), (
prospective borrower is not responsible for verifying that information - for example, the individual is a mortgage
(by telephone, for example) and use to verify the annual percentage rate applied to the alternative mortgage