Source: https://www.law.cornell.edu/cfr/text/12/appendix-D_to_part_226
Timestamp: 2017-04-25 07:03:02
Document Index: 471723593

Matched Legal Cases: ['art 226', 'art 226', 'art_226', 'art 226', 'art 226', '§ 226', '§ 226', '§ 3806', '§ 1604', '§ 1637', '§ 1639', '§ 1639']

12 CFR Appendix D to Part 226, Multiple Advance Construction Loans | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter II › Subchapter A › Part 226 › Subpart G › Appendix D_to_part_226 12 CFR Appendix D to Part 226, Multiple Advance Construction Loans
Appendix D to Part 226 - Multiple Advance Construction Loans
Part I - Construction Period Disclosed Separately
1. Estimated interest - Assume that one-half of the commitment amount is outstanding at the contract interest rate for the entire construction period.
2. Estimated annual percentage rate - Assume a single payment loan that matures at the end of the construction period. The finance charge is the sum of the estimated interest and any prepaid finance charge. The amount financed for computation purposes is determined by subtracting any prepaid finance charge from one-half of the commitment amount.
3. Repayment schedule - The number and amounts of any interest payments may be omitted in disclosing the payment schedule under § 226.18(g). The fact that interest payments are required and the timing of such payments shall be disclosed.
4. Amount financed - The amount financed for disclosure purposes is the entire commitment amount less any prepaid finance charge.
1. Estimated interest - Assume that the entire commitment amount is outstanding at the contract interest rate for the entire construction period.
3. Repayment schedule - Interest payments shall be disclosed in making the repayment schedule disclosure under § 226.18(g).
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 3806 - Adjustable rate mortgage caps
U.S. Code: Title 15 - COMMERCE AND TRADE§ 1604 - Disclosure guidelines§ 1637 - Open end consumer credit plans§ 1639 - Requirements for certain mortgages§ 1639h - Property appraisal requirements
Statutes at Large123 Stat. 1734124 Stat. 1376