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#1389005 - 05/11/10 03:13 PM Regulation Z
GorgeS Offline
100 Club
Joined: Apr 2004
Posts: 203
Where in Reg Z does it talk about the tolerance level on over disclosing an APR? Also, is there a dollar limit tolerance for the finance change? Thanks

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Lending Compliance
#1389078 - 05/11/10 04:20 PM Re: Regulation Z GorgeS
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
For RE loans, you have to dig all in the sections regarding tolerance and then follow the section lists to the additional info regarding RE loans. There are some threads in here (the one specific to this change) that discuss all of this "digging". I disected it towards the beginning of discussing the reg requirements and have a dissertation in there regarding this breakdown. Then our examiner at the FRB backed it up. So long as the overdisclosure is due to a FC error (change), it's okay.

Sorry, I'd try and find it for you, but I'm in the middle of an exam so my time here is very limited.
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