How should a qualified lender disclose loan origination charges?

CFR · 2024-01-01 · US · Title 12

Any one-time charge paid by a borrower to a qualified lender in consideration for making a loan must be included in the effective interest rate as a loan origination charge. These include, but are not limited to, loan origination fees, application fees, and conversion fees. Loan origination charges also include any payments made by a borrower to a qualified lender to reduce the interest rate that would otherwise be charged, including any charges designated as “points.”

official document · source cfr-2024 · id 12:§ 617.7115