Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

Closing Disclosure – Annual Percentage Rate

Internal Use Only

Finance Charge & APR

Annual Percentage Rate

Finance Charge

Shall be treated as accurate if: • Understated by no more than $100 • Greater than amount required to be disclosed

Shall be treated as accurate if: • Understated by no more than 1/8 of 1% (regular) • Understated by no more than 1/4 of 1% (irregular)