Examples of Mortgage Transactions in a sentence
Federal savings asso- ciation creditors may enter into agree- ments with debtors which provide for non-amortized and partially-amortized loans on residential manufactured homes, and such loans shall be gov- erned by the provisions of this section and 12 CFR 560.220 until superseding regulations are issued by the Consumer Financial Protection Bureau regarding the Alternative Mortgage Transactions Parity Act.(2) Other creditors.
This rule repeals and replaces the former Alternative Mortgage Transactions Joint Rule (former Bureau of Financial Institutions Regulation 19 and former Bureau of Consumer Credit Protection Rule 250).
The federal Alternative Mortgage Transactions Parity Act (AMTPA) preempts balloon clause restrictions for all mortgages by non-depository lenders except for traditional fixed-rate, fully amortizing mortgages.
It was informed by Indian Banks’ Association (IBA) that, at the instance of the State Level Bankers’ Committee (SLBC), various State Governments such as Tamilnadu, Karnataka, Andhra Pradesh, Madhya Pradesh, Gujarat and Himachal Pradesh have set up “Registries” for recording Equitable Mortgage Transactions (EMTs).
In Supplement I to Part 226, under Subpart E, the entry for Section 226.39—Mortgage Transfer Disclosures is revised to read as follows:Supplement I to Part 226—Official Staff InterpretationsSubpart E—Special Rules for Certain Home Mortgage Transactions* * * * *Section 226.39—Mortgage transfer disclosures39(a) Scope.
These events may include CITY sponsored events, events that are produced by CITY with another entity and events that are produced by another entity only, with CITY’s permission.
Using CAIVRS to Determine Eligibility for FHA Insured Mortgage Transactions 4-A-21 Section B.
However, the creditor is required to disclose the heading and statement required by § 1026.37(n)(1) on such additional pages.* * * * *Section 1026.38—Content of Disclosures for Certain Mortgage Transactions (Closing Disclosure)* * * * * 38(a) General information.
In 2002, the abuse by predatory lenders, some of which were non-depository “housing creditors,” led the OTS to remove prepayment penalties from the designated loan terms under its Alternative Mortgage Transactions Parity Act authority that state housing creditors could place in their loans notwithstanding state law.94 As of the rule’s effective date, any state law limiting prepayment penalties would apply to these creditors.
The headings 35(e) Rules for Higher-Priced Mortgage Loans and Paragraph 35(e)(2)(ii)(C), and paragraphs 1 and 2 are added.Supplement I to Part 1026—Official Interpretations* * * * *Subpart E—Special Rules for Certain Home Mortgage Transactions* * * * *§ 1026.32—Requirements for Certain Closed-End Home Mortgages* * * * * Paragraph 32(d) Limitations.1. Additional prohibitions applicableunder other sections.