§ 1026.37 Content of disclosures for certain mortgage transactions (Loan Estimate).
(13) Rate lock.
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
(13) Rate lock.
37(a)(13) Rate lock.
Assume that a consumer agrees to lock an interest rate with a creditor in connection with the financing
For example, if a consumer requests a rate lock extension, then the revised disclosures on which a creditor
Interest rate.
(ii) The “Rate Lock” statement required by this paragraph (a)(13) shall be accompanied by a statement
For example, if the creditor issues revised disclosures reflecting a new rate lock extension fee for
Assume a creditor sets the interest rate by executing a rate lock agreement with the consumer.
H-24(B) Mortgage Loan Transaction Loan Estimate - Fixed Rate Loan Sample Description: This is a sample
Other than for points charged in connection with the transaction to reduce the interest rate, for which
$150,000, the estimated outstanding balance of the existing mortgage loan is $120,000, and the interest rate
H-24(C) Mortgage Loan Transaction Loan Estimate - Interest Only Adjustable Rate Loan Sample Description
Under § 1026.19(e)(3)(iv)(D), no later than three business days after the date the interest rate
Also on Monday, June 8, the consumer requests a rate lock extension that would result in revised disclosures