Skip to content
BOL Conferences
Learn More - Click Here!

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Need to Remain Anonymous New Reply
New Reply
Post Icon
Smilies Insert Link Insert Email Link Insert Image Link Insert Media Tag List Bold Italic Underline Strike-through Spoiler Quote Font Color Fonts Font Size
 Make textarea smaller
Make textarea bigger
Post Options

HTML is disabled.
UBBCode is enabled.
Poll Manager (Total Polls: 0)




In Response To:
Thread Starter: Richard Insley
Title: Re: Construction to Perm (C2P) ARM APR Verification

Originally Posted by Anonymous
there wasn't a schedule in the file (another issue)
Yes, and possibly a violation of Section 1026.25(a). "Evidence of compliance" includes more than "copies of disclosures given." Evidence of compliance with Section 1026.22(a) and Appendix J, for example, means you must be able to "show your work" (math and data) if the disclosed APR is challenged. Also, you cannot prove the accuracy of disclosed FCs without showing the payment schedules used in the calculation.