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New HCML Rule and Financing Points and Fees

Home Forums Truth in Lending/ Regulation Z New HCML Rule and Financing Points and Fees

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  • #3630
    kschliebe
    Participant

    Under the Reg. Z amendments for High Cost Mortgages, financing of points and fees is prohibited. Does this mean the bank’s origination fee may not be financed in these types of loans?

    #3632
    rcooper
    Keymaster

    You are correct. This is effective January 10, 2014.

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