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#2261623 - 10/26/21 07:30 PM When is a Coupon Book or Periodic Stmt Required?
CindyS Offline
100 Club
Joined: Sep 2005
Posts: 132
Illinois
On Closed-end loans, I'm trying to figure out if any of our loan types require either a Coupon book or Periodic Statement.

We qualify as a small servicer so 1026.41 on residential mortgage loans does not apply to us. Are there any other Regulations or legal requirements to provide a coupon book or monthly billing on any other types of closed end loans?

We originate and service fixed rate loans that are sold to Fannie Mae through FHLB. I've tried looking to see if they have a specific requirement, but haven't found anything yet.

Thanks for any help!!

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Lending Compliance
#2261637 - 10/26/21 08:50 PM Re: When is a Coupon Book or Periodic Stmt Required? CindyS
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 78,901
Galveston, TX
None of which I am aware unless your State law addresses it.
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