Best-Ever Consumer Compliance Checklists

NOTE: Many HPML loans are exempt from the notice requirement, but lenders should be aware that the ECOA notice requirement will still apply in the case of a first mortgage. 49 HIGHER-PRICED. MORTGAGE LOAN (HPML) Applicability. A loan is a higher-priced mortgage loan (HPML) if it: Is closed-end, Is secured by the consumer’s principal dwelling; and ................
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