Content of disclosures for certain mortgage transactions (Closing Disclosure).

CFR · 2024-01-01 · US · Title 12

For each transaction subject to § 1026.19(f), the creditor shall disclose the information in this section: (a) (2) (3) (i) (ii) (iii) (iv) (v) (vi) (vii) (B) In credit transactions where there is no seller, the appraised value of the property identified in paragraph (a)(3)(vi) of this section, labeled “Appraised Prop. Value.” (4) (i) (ii) (iii) (5) (i) (ii) (iii) (iv) (v) (vi) (b) (c) (1) (i) For transactions subject to RESPA, is determined under the escrow account analysis described in Regulation X, 12 CFR 1024.17; (ii) For transactions not subject to RESPA, may be determined under the escrow account analysis described in Regulation X, 12 CFR 1024.17 or in the manner set forth in § 1026.37(c)(5). (2) (d) (i) Labeled “Closing Costs,” the sum of the dollar amounts disclosed pursuant to paragraphs (f)(4), (g)(5), and (h)(3) of this section, together with: (A) A statement that the amount disclosed pursuant to paragraph (d)(1)(i) of this section includes the amounts disclosed pursuant to paragraphs (f)(4), (g)(5), and (h)(3) of this section; (B) The dollar amount disclosed pursuant to paragraph (f)(4) of this section, labeled “Loan Costs”; (C) The dollar amount disclosed pursuant to paragraph (g)(5) of this section, labeled “Other Costs”; (D) The dollar amount disclosed pursuant to paragraph (h)(3) of this section, labeled “Lender Credits”; and (E) A statement referring the consumer to the tables disclosed pursuant to paragraphs (f) and (g) of this section for details. (ii) Label

official document · source cfr-2024 · id 12:§ 1026.38