Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)
Assume instead a loan with a 30-year term with a payment that adjusts upward at three months and at six
- 1026 (Regulation Z)
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Assume instead a loan with a 30-year term with a payment that adjusts upward at three months and at six
are disclosed under § 1026.37(g)(4) if the creditor is aware of those items when it issues the Loan
The requirements of § 1026.43(c) through (f) do not apply to a mortgage loan modification made in
consumer has three business days from the date on which the disclosures are deemed received to cancel the loan
For example, the requirements of this part would not apply to a transaction in which a lender makes a loan
in interest is only liable for the mortgage debt if the successor in interest assumes the mortgage loan
financial information (other than information about the terms, status, and payment history of the mortgage loan
The agency or creditor administering or offering the loan program must make these decisions regarding
(A) The amount of each payment that will apply over the term of the loan, including any balloon payment
definition of open-end credit in § 1026.2(a)(20), a creditor shall not structure a home-secured loan
eligible pursuant to any requirements established by the owner or assignee of the borrower's mortgage loan
If a mortgage loan is acquired by a covered person and subsequently sold, assigned, or otherwise transferred
as insured state nonmember banks), and employees of such banks or subsidiaries who act as mortgage loan
referred to in this part as Farm Credit System institutions), and their employees who act as mortgage loan
must complete a background check on their employees, contractors, or other persons who have access to loan
form for issuance of a check; it does not include a check issued payable to a consumer representing loan
obligation in the transaction, each deposit made into the account is considered the same as a payment on a loan
refund must be automatically issued upon notification of the satisfaction of the underlying mortgage loan
not required to provide the disclosures under this section if it acquires a partial interest in the loan
reporting that the requirement is not applicable if the institution had not determined whether the covered loan
lender contact information that may be used by the consumer to obtain information about the consumer's loan
automatic repayment feature, provided the program with the automatic payment feature is not the only loan
charge or credit for the interest rate chosen, the adjusted origination charges, per diem interest, and loan
the name of the borrower, information that enables the servicer to identify the borrower's mortgage loan
The owner or assignee of a borrower's mortgage loan has established pilot programs, temporary programs