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Regulation Z Points and Fees

2018-07-23

Regulatory Authority: Consumer Financial Protection Bureau (CFBP)

Credit Hours:

The Dodd Frank amendments to Regulation Z introduced a new definition for points and fees for covered residential mortgage loans. The definition is critical in two areas. First if the total defined points and fees exceeds defined limitations then the loan is a high-cost mortgage loan and subject to the high-cost mortgage loan rules. Second if the points and fees exceed defined amounts the loan cannot be a qualified mortgage and enjoy the protections of a qualified mortgage.

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