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#1271044 - 10/21/09 08:48 PM CIT of Maturity Date and HPML
Brandy Friesen, CRCM Offline
100 Club
Joined: Aug 2006
Posts: 136
Colorado
Can someone point me in the right direction? If we extend the maturity of the loan one year or less without a rate reduction, do we need to test for HPML?

I am fairly sure we don't but I can't remeber where I read it.

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Lending Compliance
#1271118 - 10/21/09 10:20 PM Re: CIT of Maturity Date and HPML Brandy Friesen, CRCM
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,763
Central City, NE
No. See ยง226.20(a).
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David Dickinson
http://www.bankerscompliance.com

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