Intro to Mortgage Origination Examinations Training - July 2025

Internal Use Only

Trigger Terms • Down payment* • Number of payments • Payment amount • Finance charge amount *Regulation Z limits applicability of triggering term to credit sale transactions for down payment

Internal Use Only

Trigger Terms When an advertisement includes trigger term(s), it must also include: • Down payment ($/%) • Terms of repayment • The “annual percentage rate”