Introduction to Mortgage Origination Examinations Training eBook

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Regulation Z

Prohibited Practices • Misleading use of “fixed” • Misleading comparisons

• Misrepresentations about government • Misleading use of current lender’s name • Misleading claims of debt elimination • Misleading use of “counselor” • Misleading foreign language - triggers

Internal Use Only

Regulation Z

Rate of Finance Charge • Advertised rates must be stated in terms of annual percentage rate (APR)