Introduction to Mortgage Origination Examiniations

Internal Use Only

Revised Closing Disclosures

Change Results in APR Becoming Inaccurate

Loan Product Information Becomes Inaccurate Under Reg Z

Prepayment Penalty Added to Loan

Internal Use Only

Closing Disclosure – Actual Terms Best Information Reasonably Available if Actual Terms Unknown

Actual Term Unknown if Not Reasonably Available

“Reasonably Available” Standard