Term
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Definition
| A form of resolving credit that is secured by a mortgage on the brwr's home |
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Term
| Requirements for home equity |
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Definition
- mortgage is an open-end loan
- mrtg pr 35
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Term
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Definition
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Term
| Availability of disclosed terms |
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Definition
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Term
| Risk of Losing the home * |
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Definition
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Term
| Possibility of unfavorable actions by the creditor |
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Definition
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Term
| Creditors may provide these disclosures on the application form or on a separate form and the following info must proceed other Disclosures: |
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Definition
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Term
| After these disclosures are made the disclosure state must provide information on: p36 |
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Definition
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Term
| Right of Recession includes two provisions that address the right to rescind certain types of mrtg loans: p 38 |
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Definition
| "Helps to protect the house the brwr lives in" |
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Term
| Loans subject to the right to recission |
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Definition
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Term
| Notice of the Right to Rescind p39 |
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Definition
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Term
| Liability and penalties for violations of TILA |
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Definition
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Term
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Definition
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Term
| Civil Liabilit: Individual actions for violations of TILA and Reg Z may lead to: |
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Definition
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