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Why Does Real Estate/HE Fall Into HOEPA?

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Question: 
What makes a real estate or home equity loan fall into a HOEPA reg?
Answer: 

The answer is best found by reviewing the language of Regulation Z's sections 1026.32(a) and (b). In general, a loan subject to HOEPA is a closed-end mortgage loan with a higher APR and/or total points and fees that exceed stated thresholds. Be sure to look at the Official Commentary to sections 1026.3(a) and (b) to get the full answer.

First published on BankersOnline.com 3/18/13

First published on 03/18/2013

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