Points and fees definition
Points and fees means the fees and charges that are included in the definition of points and fees in 12 C.F.R. §1026.32(b)(1).
Points and fees means all items considered to be points
Points and fees means all items considered required to be
Examples of Points and fees in a sentence
Points and fees are subject to a relatively stringent cap, and payments that may be made in the course of closing a loan are limited as well.
Points and fees must be included on the related Mortgage Loan Schedule.
More Definitions of Points and fees
Points and fees means all items required to be disclosed
Points and fees means as defined in 12 CFR §226.32 and as used in the official staff commentary of the board of governors of the federal reserve system as amended from time to time.
Points and fees means all items required to be disclosed as points and fees as defined in Section 10 of the High Risk Home Loan Act [815 ILCS 137/10].
Points and fees means all items required to be disclosed as points and fees under 12 CFR 226.32 (2000, no subsequent
Points and fees means: is defined as provided in this subdivision.
Points and fees means all items considered to be points and fees under 12 CFR 226.32 (2000, or as initially amended pursuant to Section 1431 of the federal Dodd-Frank Act with no subsequent amendments or editions included, whichever is later); compensation paid directly or indirectly by a consumer or creditor to a mortgage broker from any source, including a broker that originates a loan in its own name in a table-funded transaction, not otherwise included in 12 CFR 226.4; the maximum prepayment fees and penalties that may be charged or collected under the terms of the credit transaction; all prepayment fees or penalties that are incurred by the consumer if the loan refinances a previous loan made or currently held by the same creditor or an affiliate of the creditor; and
Points and fees means: (i) All items listed in 15 U.S.C. § 1605(a)(1) through (4), except interest or the time-price differential; (ii) All charges for items listed under § 226.4(c)(7) of title 12 of the code of federal regulations, as amended from time to time, but only if the lender receives direct or indirect compensation in connection with the charge or the charge is paid to an affiliate of the lender; otherwise, the charges are not included within the meaning of the phrase “points and fees”; (iii) All compensation paid directly or indirectly to a mortgage broker, including a broker that originates a loan in its own name in a table- funded transaction, not otherwise included in subparagraphs (i) and (ii) of this paragraph; (iv) The cost of all premiums financed by the lender, directly or indirectly, for any credit life, credit disability, credit unemployment, or credit property insurance, or any other life or health insurance, or any payments financed by the lender directly or indirectly for any debt cancellation or suspension agreement or contract, except that insurance premiums calculated and paid on a monthly basis shall not be considered financed by the lender.