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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Interagency (Reg Z) and CFPB Reg B Appraisal Rules What is this referring to?
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#1899422 - 02/24/14 07:32 PM What is this referring to?
RockChucker, CAMS Offline
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Joined: Jul 2013
Posts: 1,700
The Country
We use a loan matrix that has this paragraph.

Provide a preliminary TILA (PTIL) disclosure within 3 business days after receiving an application and wait 7 business days to close the
loan. If the APR becomes inaccurate, refer to 1029.19(a)(2)(ii) for re-disclosure requirements.

I can't find that reference anywhere except Dodd Frank but that section deals with Auto Dealers so I am guessing I am not finding the right source. Any help would be much appreciated.
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Interagency (Reg Z) and CFPB Reg B Appraisal Rules
#1899428 - 02/24/14 07:39 PM Re: What is this referring to? RockChucker, CAMS
raitchjay Offline
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Joined: Oct 2009
Posts: 9,232
OK
I think your loan matrix may have an error as i believe it should reference 1026.19, not 1029.19.
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#1899432 - 02/24/14 07:45 PM Re: What is this referring to? RockChucker, CAMS
RR Joker Offline
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#1899508 - 02/24/14 09:28 PM Re: What is this referring to? RockChucker, CAMS
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
rj you are correct. Thanks!
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A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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