Comment for 1026.43 - Minimum Standards for Transactions Secured by a Dwelling
than the value of the dwelling (including any real property attached to the dwelling) that secures the loan
- 1026 (Regulation Z)
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than the value of the dwelling (including any real property attached to the dwelling) that secures the loan
The historical example explains how the monthly payment can change based on a $10,000 loan amount, payable
the servicer has brought an action for foreclosure under the underlying federally related mortgage loan
consumers to choose among several different payment options for each billing period, is an example of a loan
otherwise affect a borrower's obligation to make payments owed pursuant to the terms of a mortgage loan
prime offer rates are annual percentage rates derived from average interest rates, points, and other loan
assets of less than $2,112,000,000 on December 31, 2017, satisfies this criterion for purposes of any loan
The existing obligation includes the unpaid principal balance of the existing first lien loan, any earned
Under § 1026.36(c)(1)(i), a mortgage servicer must credit a payment to a consumer's loan account
Charges” pursuant to § 1026.37(f)(1) are those charges paid by the consumer to each creditor and loan
disclosed under § 1026.37(l)(1)(i) is the sum of principal, interest, mortgage insurance, and loan
increases in closing costs takes into account that the itemized, estimated closing costs disclosed on the Loan
Separate pages for Loan Costs and Other Costs.
electronic funds transfer through the ACH system for the purpose of collecting the first payment due under a loan
the notice at a convenient time because the lender and consumer are already communicating about the loan
This may include information about the credit quality of the borrower, the amount of the loan, the estimated
The loan originator must prepare the GFE in accordance with the requirements of this section and the
that the borrower has had in place, continuously, hazard insurance coverage that complies with the loan
Except for the borrower's mortgage loan account number, a servicer may not include any information other
evidence demonstrating that the borrower has purchased hazard insurance coverage that complies with the loan
Persons such as loan brokers and correspondents do not violate the ECOA or Regulation B if they collect
the borrower to the servicer and payments made by a servicer to an owner or assignee of a mortgage loan
option, and any analysis by a servicer with respect to potential recovery from a non-performing mortgage loan
Retaining records that document actions taken with respect to a borrower's mortgage loan account does
(1) If two or more consumers jointly obtain a financial product or service, other than a loan, from a