MORTGAGES. Itemization of Amount Financed Finance Charge Variable Rate Information Contract...

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Mortgages

Transcript of MORTGAGES. Itemization of Amount Financed Finance Charge Variable Rate Information Contract...

Page 1: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

Mortgages

Page 2: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

Itemization of Amount FinancedFinance ChargeVariable Rate InformationContract ReferenceAssumption PolicyRepayment Disclosures

TIL Content

Page 3: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

TimingElectronic

DisclosuresContent

CHARM BookletLoan Program

Early ARM Disclosures

Page 4: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

Applicable TransactionsExempt TransactionsDefinition of DwellingProcedureNoticeTime PeriodExtended Rescission PeriodMember and Credit Union’s ActionsWaiverTolerances for AccuracyForeclosures

Rescission

Page 5: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

CoverageExceptionsDefinitions: Points

and FeesDisclosureLimitationsProhibited Acts or

Practices

Section 32 Mortgages

Page 6: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

General RulesTimingContent

Reverse Mortgage Disclosure

Page 7: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

DefinitionExceptionsRulesEvasion

Higher Priced Mortgage Loans

Page 8: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

Loan ServicingLoan Originator

CompensationProhibition on

Steering

Prohibited Mortgage Acts and Practices

Page 9: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

General RulesTimingExceptionContent

Mortgage Transfer Disclosures

Page 10: MORTGAGES.  Itemization of Amount Financed  Finance Charge  Variable Rate Information  Contract Reference  Assumption Policy  Repayment Disclosures.

General RulesRestrictionsAllowable ActionsConflicts of InterestCompensationMandatory

Reporting

Valuation Independence