The CFPB integrated Truth in Lending and RESPA disclosures concerning mortgage loans into one set of disclosures. This is the PowerPoint document from a third 2014 webinar presented by the CFPB presenting more detail concerning completing the loan estimate on the integrated disclosures. This is the PowerPoint from one of four webinars the CFPB conducted in 2014 on the integrated disclosures. NCLC’s practice tools also include the PowerPoints from the other three webinars.
The CFPB integrated Truth in Lending and RESPA disclosures concerning mortgage loans into one set of disclosures. This is the PowerPoint document from a second 2014 webinar presented by the CFPB presenting more detail concerning specific topics related to the new integrated disclosures. This is the PowerPoint from one of four webinars the CFPB conducted in 2014 on the integrated disclosures. NCLC’s practice tools also include the PowerPoints from the other three webinars.
The CFPB integrated Truth in Lending and RESPA disclosures concerning mortgage loans into one set of disclosures. This is the PowerPoint document from a 2014 webinar presented by the CFPB presenting an overview concerning the new integrated disclosures. This is the PowerPoint from one of four webinars the CFPB conducted in 2014 on the integrated disclosures. NCLC’s practice tools also include the PowerPoints from the other three webinars.
While computer programs are now the most common way to compute an annual percentage rate (APR), an early alternative way sanctioned by the FRB was use of the FRB Annual Percentage Rate tables. This Volume II can be used to calculate APRs for “irregular” transactions. Volume I can be used to compute APRs for “regular” transactions and for transactions with irregular first payments, irregular first periods, and irregular final payments.
While computer programs are now the most common way to compute an annual percentage rate (APR), an early alternative way sanctioned by the FRB was use of the FRB Annual Percentage Rate tables. This practice tool is the instructions as to their use. NCLC practice tools also include Volume I to be used to compute APRs for “regular” transactions and for transactions with irregular first payments, irregular first periods, and irregular final payments, and Volume II used to calculate APRs for “irregular” transactions.
This HOEPA fees and points worksheet calculates whether an open-end mortgage loan originated after January 10, 2014, must comply with HOEPA because of the size of its points and fees. It calculates trigger fees, the “total loan amount,” and the trigger fees as a percentage of the “total loan amount.” Other NCLC practice tools provide worksheets for closed-end mortgage loans originated on or after January 10, 2014 and for closed-end mortgage loans originated prior to January 10, 2014.
This HOEPA fees & points worksheet calculates whether a closed-end mortgage loan originated after January 10, 2014, must comply with HOEPA because of the size of its points and fees. It calculates trigger fees, the “total loan amount,” and the trigger fees as a percentage of the “total loan amount.” Other NCLC practice tools provide worksheets for open-end mortgage loans originated on or after January 10, 2014 and for closed-end mortgage loans originated prior to January 10, 2014.
This HOEPA fees & points worksheet calculates whether a closed-end mortgage loan originated after January 10, 2014, must comply with HOEPA because of the size of its points and fees. It calculates trigger fees, the “total loan amount,” and the trigger fees as a percentage of the “total loan amount.” Other NCLC practice tools provide worksheets for open-end mortgage loans originated on or after January 10, 2014, and for closed-end mortgage loans originated prior to January 10, 2014.
The Fair Credit Billing Act provides credit card holders with certain rights to dispute a credit card charge. Other Truth in Lending provisions may provide additional rights. This is a sample letter to a card issuer disputing credit card charges.
This is a sample TILA rescission notice in a foreclosure rescue scam case. TILA requires only a bare bones letter, which does not need to have as much explanation as this letter. The Rescission Model Forms in TILA Regulation Z are very short, merely stating "I wish to cancel," and signed and dated by the consumer. In the case of a foreclosure rescue scam, however, it is probably best to give the scammer some explanation as to why the sale is in fact a loan covered by TILA.