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Truth in Lending: H-3-Amount Financed Itemization Model Form
Itemization of the Amount Financed of $___
$__________________ Amount given to you directly
$__________________ Amount paid on your account
Amount paid to others on your behalf
$___ to [public officials]
[credit bureau]
[appraiser]
[insurance company]
$___ to (name of another creditor)
$___ to (other)
$___ Prepaid finance charge
Truth in Lending: H-4(A)-Variable-Rate Model Clauses
The annual percentage rate may increase during the term of this transaction if:
[the prime interest rate of (creditor) increases.]
[the balance in your deposit account falls below $_______________.]
[you terminate your employment with (employer).]
[The interest rate will not increase above ______%.]
[The maximum interest rate increase at one time will be ______%.]
[The rate will not increase more than once every (time period).]
Any increase will take the form of:
[higher payment amounts.]
Truth in Lending: H-4(B)-Variable-Rate Model Clauses
Your loan contains a variable-rate feature. Disclosures about the variable-rate feature have been provided to you earlier.
Truth in Lending: H-4(C)—Variable-Rate Model Clauses
Editor’s Note284
This disclosure describes the features of the adjustable-rate mortgage (ARM) program you are considering. Information on other ARM programs is available upon request.
How Your Interest Rate and Payment Are Determined
Truth in Lending: H-4(I)—Introductory Rate Model Clause
[Introductory Rate Notice
- You have a discounted introductory rate of ______ % that ends after (period).
- In the (period in sequence), even if market rates do not change, this rate will increase to ___ %.]
Truth in Lending: H-4(J)—Balloon Payment Model Clause
[Final Balloon Payment due (date): $______]
Truth in Lending: H-4(K)—“No-Guarantee-to-Refinance” Statement Model Clause
There is no guarantee that you will be able to refinance to lower your rate and payments.
Truth in Lending: H-5—Demand Feature Model Clauses
This obligation [is payable on demand.]
[has a demand feature.]
[All disclosures are based on an assumed maturity of one year.]
Truth in Lending: H-6—Assumption Policy Model Clause
Assumption: Someone buying your house [may, subject to conditions, be allowed to] [cannot] assume the remainder of the mortgage on the original terms.
Truth in Lending: H-7—Required Deposit Model Clause
The annual percentage rate does not take into account your required deposit.
Truth in Lending: H-8—Rescission Model Form (General)
NOTICE OF RIGHT TO CANCEL
Your Right to Cancel
You are entering into a transaction that will result in a [mortgage/lien/security interest] [on/in] your home. You have a legal right under federal law to cancel this transaction, without cost, within three business days from whichever of the following events occurs last:
Truth in Lending: H-9—Rescission Model Form (Refinancing With Original Creditor)
NOTICE OF RIGHT TO CANCEL
Your Right To Cancel
You are entering into a new transaction to increase the amount of credit previously provided to you. Your home is the security for this new transaction. You have a legal right under Federal law to cancel this new transaction, without cost, within three business days from whichever of the following events occurs last:




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