Supplement I, 226.19: Certain Residential Mortgage and Variable-Rate Transactions (01/01/02)
Paragraph 19(a)(1) Time of disclosure.
1. Coverage. This section requires early disclosure of credit terms in residential mortgage transactions that are also subject to the Real Estate Settlement Procedures Act (RESPA) and its implementing Regulation X, administered by the Department of Housing and Urban Development (HUD). To be covered by this section, a transaction must be both a residential mortgage transaction under ยง226.2(a) and a federally related mortgage loan under RESPA. "Federally related mortgage loan" is defined under RESPA (12 USC 2602) and Regulation X (24 CFR 3500.5(b)), and is subject to any interpretations by HUD.
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The opinions expressed are mine and they are not to be taken as legal advice.