12 C.F.R. §1026.34 - Prohibited acts or practices in connection with high-cost mortgages
| Cite as | 12 C.F.R. §1026.34 |
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10 cases
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Jamison v. Bank of Am., N.A., 2:16-cv-00422-KJM-AC
...of Regulation Z. Regulation Z generally prohibits servicers from charging a fee for providing a consumer with a payoff statement. 12 C.F.R. § 1026.34(a)(9)(i). Although Regulation Z allows a servicer to charge a processing fee to cover the cost of providing a payoff statement by fax or cour......
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Fair Hous. Ctr. of Cent. Ind. v. Rainbow Realty Grp., Cause No. 1:17-cv-1782 RLM-TAB
...loan offered. 15 U.S.C. § 1639c(a); 12 C.F.R. § 1026.43(c);(2) Require customers to receive pre-loan counseling. 15 U.S.C. § 1639(u); 12 C.F.R. § 1026.34(a)(5);(3) Provide customers with statutory disclosures. 15 U.S.C. §1639(a); 12 C.F.R. § 1026.32(c); and(4) Provide customers with a writt......
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Sundby v. Marquee Funding Grp., Inc., Case No.: 19-CV-00390-GPC-MDD
...penalty for paying all or part of the principal before the date on which the principal is due." 15 U.S.C. § 1639(c)(1)(A); see also 12 C.F.R. 1026.34 (CFPB regulations). A "high-cost mortgage" is defined under 15 U.S.C. § 1602(bb)(1)(A) as "a consumer credit transaction that is secured by t......
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James v. Detroit Prop. Exch., Civil Case No. 18-13601
...C.F.R. § 1026.43(c) (As to all Entity Defendants)" (Count II);3) "Violation of the HOEPA (Pre-Loan Counseling), 15 U.S.C. § 1639(u), 12 C.F.R. § 1026.34(a)(5) (As to all Entity Defendants) (Count III);4) "Violation of the TILA (Loan Origination", 15 U.S.C. § 1639b (As to Defendant Crystian ......
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1 firm's commentaries
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Will Assignee Liability Increase as FTC Seeks Comments on the Holder Rule?
...uniformly held that recovery by consumers cannot exceed the total amount of money paid by the consumer under the contract. [25] 12 C.F.R. § 1026.34(a)(2) (“A creditor may not sell or otherwise assign a high-cost mortgage without furnishing the following statement to the purchaser or assigne......