Comment for 1026.43 - Minimum Standards for Transactions Secured by a Dwelling
Assume eligibility to purchase a loan was based in part on the consumer's employment income of $50,000
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
Assume eligibility to purchase a loan was based in part on the consumer's employment income of $50,000
A closed-end mortgage loan or an open-end line of credit to improve a multifamily dwelling used for residential
For example, a loan for which payment is due every 15 days has payments due in substantially equal intervals
(ii) Loan and application files or other business records related to credit transactions, and information
confirmed the successor in interest's identity and ownership interest in a property that secures a mortgage loan
(vii) Any rules relating to changes in the index, interest rate, payment amount, and outstanding loan
(ii) The loan originator must have a good faith belief that the options presented to the consumer pursuant
(v) The loan is not subject, at consummation, to a commitment to be acquired by another person, other
necessary for the application or otherwise explaining the qualifications or criteria necessary to obtain a loan
(2) Offering or negotiating terms of a loan for compensation or gain does not include engaging in a seller-financed
(2) An individual who acts as a loan originator in providing financing for the sale of a property owned
When two or more persons apply together for a loan, the creditor complies with § 1026.19(g) if the
When two or more consumers apply for a loan subject to this section, the creditor is required to give
A closed-end mortgage loan or an open-end line of credit to improve a doctor's office or a daycare center
legally binding documents regarding a lien on property that is subject to a federally related mortgage loan
servicer means a servicer, including a table-funding mortgage broker or dealer on a first- lien dealer loan
receiving notice of the death of a borrower or of any transfer of the property securing a mortgage loan
Fees charged by a third party that conducts the loan closing (such as a settlement agent, attorney, or
The following are disclosed, as applicable, for debt suspension coverage: That the obligation to pay loan
(ii) The name of the individual loan originator (as the name appears in the NMLSR) with primary responsibility
assuming, or any loans subject to which the consumer is taking title to the property, labeled “Existing Loan
assuming, or any loans subject to which the consumer is taking title to the property, labeled “Existing Loan
creditor, using the term “lender,” may accept partial payments and apply such payments to the consumer's loan
during the first five years after the date on which the first regular periodic payment will be due for a loan
A state must maintain a loan originator licensing, supervisory, and oversight authority (supervisory