§ 1024.7 Good faith estimate.
In the case of a federally related mortgage loan involving an open-end line of credit (home-equity plan
- 1024 (Regulation X)
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In the case of a federally related mortgage loan involving an open-end line of credit (home-equity plan
dealer may provide the list of homeownership counseling organizations required under this section to any loan
institution, or credit union who has never been registered or licensed through the Registry as a mortgage loan
If a loan program permits consumers to convert their variable-rate loans to fixed rate loans, the creditor
assets of less than $2,060,000,000 on December 31, 2014, satisfied this criterion for purposes of any loan
Section 1026.32(d)(2) provides that a loan described in § 1026.32(a) may not have a payment schedule
Compensation includes amounts the loan originator retains and is not dependent on the label or name of
Provided that the title issue was unforeseen, the loan originator may decrease the loan originator's
If the loan product is a step rate with an introductory interest rate that lasts for ten years and adjusts
disclosure of the name and NMLSR ID of the person who is the primary contact for the consumer, labeled “Loan
Creditors should compute the total annual loan cost rates for transactions involving discretionary cash
(2) The lender must provide the GFE to the loan applicant by hand delivery, by placing it in the mail
borrower to deposit into any escrow account, created in connection with a federally related mortgage loan
Successor in interest means a person to whom an ownership interest in a property securing a mortgage loan
paragraph (b) of this section if the borrower has made any partial or periodic payment on the mortgage loan
where one or more of the regular periodic payments may be applied solely to accrued interest and not to loan
(C) Any other changes to loan terms, features, or options taking effect on the same date as the interest
(C) Any other changes to loan terms, features, or options taking effect on the same date as the interest
A person (as defined in § 1026.2(a)(22)) that meets all of the following criteria is not a loan
(A) Except as provided in paragraph (d)(2)(i)(C) of this section, if any loan originator receives compensation
of the property identified in paragraph (a)(6) of this section, the creditor shall disclose that the loan
(ii) The description of the loan product shall include the features that may change the periodic payment
Calculating Cash to Close,” together with the statement “Use this table to see what has changed from your Loan
(iii) For a negative amortization loan, as defined in § 1026.18(s)(7)(v), the expiration of the
After the consumer has accepted the loan in accordance with § 1026.48(c)(1), the creditor shall