Introduction to Mortgage Origination Examinations Training

3/7/2025

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

73

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

74

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