Introduction to Mortgage Origination Examinations Training

3/7/2025

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)

91

Internal Use Only

Other Disclosures

92

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