Comment for 1026.41 - Periodic Statements for Residential Mortgage Loans
The periodic statement must also include an explanation that the reinstatement amount will be accepted
- 1026 (Regulation Z)
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The periodic statement must also include an explanation that the reinstatement amount will be accepted
issuer may also satisfy the written confirmation requirement by providing the confirmation on the first periodic
The notices may be provided on or with a periodic statement.
(1) A reflection on or with a periodic statement of an extension of credit that is not made to the consumer
The notice required by paragraph (b)(1)(iv) of this section may be provided no later than the first periodic
because it is payable to a third party (such as required life insurance) must still be shown on the periodic
(ii) If periodic payments that are less than the full amount due are accepted but not applied to a consumer's
(ii) If periodic payments that are less than the full amount due are accepted but not applied to a consumer's
(c) Form of the periodic statement.
For example, a servicer is not required to provide a periodic statement required by § 1026.41 to
obligation to pay finance charges on such balance must be disclosed on the front of any page of each periodic
terms of the grace period is received by the creditor within 21 days after mailing or delivery of the periodic
not home-secured) consumer credit plan, a card issuer must provide the following disclosures on each periodic
(1) A statement that the consumer has the right to reject the change or changes prior to the effective
provision in § 1026.8(a)(1)(i) requires a designation that will enable the consumer to reconcile the periodic
1026.41(e)(5)(i)(B)(1) or (e)(5)(ii) that the servicer cease or continue, as applicable, providing a periodic
A consumer makes a partial or periodic payment on the mortgage loan despite the consumer in bankruptcy
For purposes of § 1026.41(d)(8), if a servicer applies payments to the oldest outstanding periodic
Finance charges attributable to periodic interest rates, using the term Interest Charge, must be grouped
required by paragraph (b)(1)(v) of this section shall be provided on the front of any page of each periodic
.) - “credit” would suffice - except if the creditor is using the periodic statement to satisfy the billing-error
Statement of periodic payment frequency.
Of this payment, $100 completes a full periodic payment when added to the $900 in funds already held
(i) If the regular periodic payments do not cover all of the interest due, the creditor must provide
charged off or charges any additional fees or interest on the account, the obligation to provide a periodic