Source: http://www.montanabankers.com/event/id/1006713/Untangling-the-Web-of-Fee-Disclosures.htm
Timestamp: 2017-09-20 23:37:36
Document Index: 748484230

Matched Legal Cases: ['§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026', '§1026']

•	High-Cost Mortgages;
•	Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosures (TRID);
•	Ability to Repay/Qualified Mortgage Rules; and
•	Home Mortgage Disclosure Act/Regulation C.
Regulatory reimbursement;Consumer lawsuits;Regulatory cures;Higher liability from the failure to meet QM standards; andCivil monetary penalties.This program provides the information needed to fully understand the rules and to avoid the liability inducing problems.
•	A violation of the finance charge rules contained in §1026.4 may also cause a violation of the disclosure requirements in §1026.18 or §1026.38 since the finance charge is included in those disclosures;
•	Improper categorization of fees on the TRID disclosures contained in §1026.37 and .38 may result in a violation of the tolerance rules contained in §1026.19;
•	Failure to follow the APR calculation rules contained in §1026.22 may result in:
o	The incorrect APR appearing in the disclosures contained in §1026.18, §1026.32, §1026.37 or §1026.38;
o	Inadvertently triggering coverage of §1026.32;
o	An inaccurate calculation of the rate spread disclosed on the HMDA LAR and used to determine the applicability of the high-cost mortgage loan rules contained in §1026.32 and the higher-priced mortgage loan rules contained in §1026.35; or
o	The incorrect disclosure of the HOEPA status disclosed on the HMDA LAR;
o	An inaccurate determination of the higher-priced covered transaction status of a loan for purpose of determining which a transaction achieves safe harbor or presumption of compliance status for the ability to repay rules in Section 1026.43;
•	Failure to properly calculate the total points and fees as prescribed by the high-cost mortgage loan rules contained in §1026.32 can:
o	Inadvertently trigger §1026.32 coverage;
o	Violate the disclosure rules contained in §1026.32;
o	Result in an incorrect entry on the HMDA LAR; and
o	Blow the Qualified Mortgage status for purposes of §1026. 43; or
•	Failure to follow TRID rules contained in §1026.38 may result in the incorrect disclosure of the total of all itemized amounts that are designated borrower-paid at or before closing on HMDA LAR.