Intro to Mortgage Origination Examinations - June 2022

Game: Is. It. A. Trigger. Term?!?

Reminder - Trigger terms are: • The amount or % of any down payment • The number of payments or period of repayment • The amount of any payment • The amount of any finance charge

Trigger Term?

• “$500 total cost of credit.” • “12% APR” • “$1,600 monthly payment”

• “30-year mortgage” • “$400 appraisals”

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Regulation N

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