Comment for 1026.40 - Requirements for Home-Equity Plans
Repayment of the reverse mortgage (generally a single payment of principal and accrued interest) may
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
Repayment of the reverse mortgage (generally a single payment of principal and accrued interest) may
to the borrower pursuant to any requirements established by the owner or assignee of the borrower's mortgage
with § 1026.43(c)(2)(v) if it does not include the special assessment in the determination of mortgage-related
For a qualified mortgage, the creditor must underwrite the loan using a periodic payment of principal
This includes, for example, the consumer's monthly payment on the covered transaction (including mortgage-related
For purposes of total annual loan cost disclosures, the term of a reverse mortgage transaction is assumed
home purchase loan, other than a home purchase loan that will be an open-end line of credit, a reverse mortgage
Although the scenarios below refer to the partial exemption for closed-end mortgage loans under §
average interest rates and other loan pricing terms offered to borrowers by a set of creditors for mortgage
For example, assume an applicant applies to a financial institution to refinance a $100,000 first mortgage
expressed as a dollar amount, the consumer will have paid after making all payments of principal, interest, mortgage
Adjustable-rate mortgage with negative amortization. A.
that is comparable to the permanent financing to determine whether the transaction is a higher-priced mortgage
paragraphs (k)(2) through (4) of this section, if a transferee servicer acquires the servicing of a mortgage
that is subject to the requirements of § 1026.32 or one or more such credit extensions through a mortgage
Mortgage broker transactions that are table-funded are not secondary market transactions.
Except for private education loan disclosures made in compliance with § 1026.47 and mortgage disclosures
#160;1026.28, any reference to “creditor” in § 1026.28 or this commentary includes a creditor, a mortgage
Thus, for example, in connection with the extension of credit under a high-cost mortgage, a creditor
, and the relevant “Frequently Asked Questions” on Home Mortgage Disclosure Act (HMDA) compliance posted
appendix H to this part for the required format of such phrases, which is required for federally related mortgage
disclosures required by this section if it sells, assigns or otherwise transfers all of its interest in the mortgage
under which a borrower would repay all past due payments over a specified period of time to bring the mortgage
If the balance of a mortgage loan has been accelerated but the servicer will accept a lesser amount to
In contrast to the qualified mortgage provisions in § 1026.43(e), § 1026.43(c) does not prescribe