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Home » Store » News » Fed Provides Clarity on Calculating HOEPA Triggers, MI Escrows in Reg. Z Commentary

Fed Provides Clarity on Calculating HOEPA Triggers, MI Escrows in Reg. Z Commentary

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The Federal Reserve Board has altered its staff commentary on the Truth in Lending Act to clarify how lenders should handle disclosures in cases where mortgage insurance premiums are escrowed at closing. Significantly, the rule also includes language that could make it easier for lenders to identify high-cost loans.
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