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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(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-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: