Answer:
Go to: https://www.bankersonline.com/regulations/12-1026-035#b2
Read 1026.35(b)(2)(iii) - you have to meet all four of the criteria listed there in order to qualify for exemption.
Small Banks Exempt from HPML Rules on Escrow?
Answered by:
Question:
Are small banks exempt from HPML rules on escrow for primary residencial mortgage loans?
print
email
shareRelated Q&As
Related Tools View All
OFAC Updates View All
Sanctions List Search
Specially Designated Nationals List (SDN)
Sanctions Programs and Information
Banker Store View All
From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:
Banker Storehot right now
Looking for effective, convenient training on a particular subject?
BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.