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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 Note²⁸³

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(D)(1)—Adjustable-Rate Mortgage Model Form (§ 1026.20(c))

Editor’s Note²⁸⁵

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Truth in Lending: H-4(D)(2)—Adjustable-Rate Mortgage Sample Form (§ 1026.20(c))

Editor’s Note²⁸⁶

Truth in Lending: H-4(D)(3)—Adjustable-Rate Mortgage Model Form (§ 1026.20(d))

Editor’s Note²⁸⁷

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Truth in Lending: H-4(D)(4)—Adjustable-Rate Mortgage Sample Form (§ 1026.20(d))

Editor’s Note²⁸⁸

Truth in Lending: H-4(E)—Fixed-Rate Mortgage Interest Rate and Payment Summary Model Clause

Editor’s Note²⁸⁹

Truth in Lending: H-4(F)—Adjustable-Rate Mortgage or Step-Rate Mortgage Interest Rate and Payment Summary Model Clause (§ 1026.18(s))

Editor’s Note²⁹⁰

Truth in Lending: H-4(G)—Mortgage with Negative Amortization Interest Rate and Payment Summary Model Clause (§ 1026.18(s))

Truth in Lending: H-4(H)—Fixed-Rate Mortgage with Interest-Only Interest Rate and Payment Summary Model Clause (§ 1026.18(s))

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: