§ 1026.48 Limitations on private education loans.
applicable law or regulation, paragraph (a)(1) of this section does not apply if the private education loan
- 1026 (Regulation Z)
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applicable law or regulation, paragraph (a)(1) of this section does not apply if the private education loan
To illustrate, assume a consumer owes $10,000 on an existing automobile loan and that the trade-in value
The creditor is free to impose the fee in only certain of its loan programs, such as mortgage loans.
may be made by using language such as “collateral securing other loans with us may also secure this loan
Term of the loan.
Examples of misleading claims of debt elimination or waiver or forgiveness of loan terms with, or obligations
opening and secured by the same dwelling that secures the transaction (for example, a “piggy back” loan
percentage rates for other types of transactions for which direct survey data are not available based on the loan
However, if the application for the loan in question was received before April 1 of the current calendar
Distressed consumers are consumers who are working with the creditor or servicer to attempt to bring the loan
The loan is - (1) subject to the Bureau's ability-to-repay requirements in § 1026.43 as a “covered
A loan originator organization that establishes written procedures for determining whether individuals
disclosures provided under § 1026.19(e)(1), known to the creditor at the time of delivery of the Loan
the exact payment number of the first adjustment is not known at the time the creditor provides the Loan
Assume that loan costs that are designated borrower-paid at or before closing and that are not part of
The beginning of the first full unit period of the repayment schedule is April 1, 2014 and the loan term
For a qualified mortgage, the creditor must underwrite the loan using a periodic payment of principal
creditor calculates the consumer's monthly payment on the covered transaction and on any simultaneous loan
agreement between the creditor and Fannie Mae or Freddie Mac that permits variation from the GSE AUS; the loan
provide the disclosures under § 1026.18 both upon approval and after the consumer accepts the loan
payments but fails to bring the account current, it is permissible, if permitted by the terms of the loan
the date at the end of that phrase or, for a scheduled maximum amount, such as under a step payment loan
In certain credit sale or loan transactions, a consumer may reduce the dollar amount of the payments
Or, if the creditor knows that the loan must close on the 15th of the month but estimates prepaid interest
collection proceedings have been instituted, if the creditor has charged off the account in accordance with loan-loss