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#1888737 - 01/21/14 08:13 PM total loan amount calculation
questioning Offline
100 Club
Joined: May 2002
Posts: 195
In the following citation, is the amount financed the same as the amount financed disclosed on the TIL?

Total loan amount. (i) Closed-end credit. The total loan amount for a closed-end credit transaction is calculated by taking the amount financed, as determined according to § 1026.18(b), and deducting any cost listed in § 1026.32(b)(1)(iii), (iv), or (vi) that is both included as points and fees under § 1026.32(b)(1) and financed by the creditor.

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HOEPA and Homeowner Counseling Rule
#1888743 - 01/21/14 08:18 PM Re: total loan amount calculation questioning
dblack Offline
Gold Star
Joined: Feb 2008
Posts: 263
AL
Yes.

"taking the amount financed, as determined according to § 1026.18(b)"
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