12 CFR 1024.2 - Definitions

Cite as12 CFR 1024.2
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90 practice notes
  • Truth in Lending (Regulation Z)
    • United States
    • Federal Register December 22, 2011
    • December 22, 2011
    ...after receipt. (3) For purposes of this paragraph (c), the terms ``servicer'' and ``servicing'' have the same meanings as provided in 12 CFR 1024.2(b), as (d) Prohibited payments to loan originators. (1) Payments based on transaction terms or conditions. (i) In connection with a consumer cr......
  • Integrated Mortgage Disclosures Under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z)
    • United States
    • Federal Register August 23, 2012
    • August 23, 2012
    ...of the value of the property, the mortgage loan amount sought, and any other information deemed necessary by the loan originator.'' 12 CFR 1024.2(b). This definition, adopted as part of HUD's 2008 RESPA Final Rule, was intended to ensure that consumers received a RESPA GFE containing reliab......
  • Appraisals for Higher-Priced Mortgage Loans
    • United States
    • Federal Register December 26, 2013
    • December 26, 2013
    ...12 CFR 1026.42(b)(1) and (2); Board 12 CFR 226.42(b)(1) and (2). \130\ See id.; see also 12 U.S.C. 2602(3) and 24 CFR 1024.2. \131\ 12 CFR 1024.2. --------------------------------------------------------------------------- Further, commenters indicated that consumers in transactions secured......
  • Loan Originator Compensation Requirements Under the Truth in Lending Act (Regulation Z)
    • United States
    • Federal Register February 15, 2013
    • February 15, 2013
    ...however, a revised RESPA GFE may be provided reflecting an increase in settlement charges (e.g., for changed circumstances, defined in 12 CFR 1024.2(b), that result in increased settlement charges or a change in the borrower's eligibility for the specific loan terms identified in the RESPA ......
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63 cases
  • Jackson v. Bank of Am., N.A., No. 16-16685
    • United States
    • United States Courts of Appeals. United States Court of Appeals (11th Circuit)
    • August 3, 2018
    ...January 10, 2014. The Jacksons' mortgage loan in the instant matter is a "federally related mortgage loan" as said term is defined by 12 C.F.R. § 1024.2(b). The Defendants are subject to the aforesaid Regulations and do not qualify for the exception for "small servicers" as defined in 12C.F......
  • Coppola v. Wells Fargo Bank, N.A. (In re Coppola), Case No.: 17-14944 VFP
    • United States
    • U.S. Bankruptcy Court — District of New Jersey
    • November 1, 2018
    ...specifically.Wells Fargo's argument is based on the definition of servicing in RESPA in 12 U.S.C. § 2605(i)(3) and Regulation X in 12 C.F.R. § 1024.2(b). Specifically, 12 U.S.C. § 2605(i)(3) defines servicing as "receiving any scheduled periodic payments from a borrower pursuant to the term......
  • Pickens v. JP Morgan Chase Bank, N.A., CIVIL CASE NO.: 5:14-CV-00166-RLV-DSC
    • United States
    • United States District Courts. 4th Circuit. Western District of North Carolina
    • May 12, 2016
    ..."Settlement service[s]" are defined as "any service[s] provided in connection with a prospective or actual settlement . . . ." See 12 C.F.R. § 1024.2 (defining "settlement service"). "Settlement" is defined as "the process of executing legally binding documents regarding a lien on property ......
  • Washington v. Green Tree Servicing LLC, Case No. 1:15-cv-354
    • United States
    • United States District Courts. 6th Circuit. United States District Courts. 6th Circuit. Southern District of Ohio
    • May 5, 2017
    ...X. (See Doc. 54 at 7-9; Doc. 63 at 1-2, 5-6).Page 8 Neither RESPA nor Regulation X define the term "borrower." See 12 U.S.C. § 2602; 12 C.F.R. §§ 1024.2, 1024.31. In arguing that plaintiff does not have standing as a borrower, defendant relies on this Court's decision in Cooper. In Cooper, ......
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5 firm's commentaries
1 provisions
  • Chapter 216, HB 1402 – Revisor's Bill
    • United States
    • Colorado Session Laws
    • January 1, 2020
    ...use", which is dependent on the definition found in the Code of Federal Regulations. (See Pub.L. 111-203, 76 FR 78977, 79 FR 34224, and 12 CFR 1024.2.) 10-16-102 16 Corrects the name of a federal act. (See Pub.L. (22)(a) and (29) 111-148.) 10-16-1009 (1)(k) 17 Corrects an error in SB04-105 ......

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