12 CFR §1026.37 — Content of disclosures for certain mortgage transactions (Loan Estimate)
Regulation Z §1026.37 prescribes the content of the TRID Loan Estimate (form H-24): general information, loan terms, projected payments, costs at closing, loan-cost details, other-cost details, calculating cash-to-close, adjustable-payment and adjustable-interest-rate tables, contact information, and comparisons / other-considerations / signature statements.
Verbatim regulatory text
Verbatim provisions from 12 CFR §1026.37 — Content of disclosures for certain mortgage transactions (Loan Estimate) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 CFR §1026.37 — Content of disclosures for certain mortgage transactions (Loan Estimate)
For each transaction subject to § 1026.19(e) , the creditor shall disclose the information in this section:
12 CFR §1026.37(a)(4) — Date issued on the Loan Estimate
(4) Date issued. The date the disclosures are mailed or delivered to the consumer by the creditor, labeled “Date Issued.”
12 CFR §1026.37(b) — Loan Terms table
(b) Loan terms. A separate table under the heading “Loan Terms” that contains the following information and that satisfies the following requirements:
12 CFR §1026.37(c) — Projected Payments table
(c) Projected payments. In a separate table under the heading “Projected Payments,” an itemization of each separate periodic payment or range of payments, together with an estimate of taxes, insurance, and assessments and the payments to be made with escrow account funds.
12 CFR §1026.37(d) — Costs at Closing table
(d) Costs at closing —(1) Costs at closing table. In a separate table, under the heading “Costs at Closing”:
12 CFR §1026.37(f)(1) — Origination charges line items
(1) Origination charges. Under the subheading “Origination Charges,” an itemization of each amount , and a subtotal of all such amounts, that the consumer will pay to each creditor and loan originator for originating and extending the credit.
12 CFR §1026.37 — Content of disclosures for certain mortgage transactions (Loan Estimate) — enumerated items (chapeau recall fix)
(a) General information —(1) Form title. The title of the form, “Loan Estimate,” using that term.
12 CFR §1026.37(b) — Loan Terms table — enumerated items (chapeau recall fix)
(1) Loan amount. The total amount the consumer will borrow, as reflected by the face amount of the note, labeled “Loan Amount .” (2) Interest rate. The interest rate that will be applicable to the transaction at consummation, labeled “Interest Rate.” For an adjustable rate transaction, if the interest rate at consummation is not known, the rate disclosed shall be the fully-indexed rate, which, for purposes of this paragraph, means the interest rate calculated using the index value and margin at the time of consummation. (3) Principal and interest payment. The initial periodic payment amount that will be due under the terms of the legal obligation , labeled “Principal & Interest,” immediately preceded by the applicable unit-period, and a statement referring to the payment amount that includes any mortgage insurance and escrow payments that is required to be disclosed pursuant to paragraph
12 CFR §1026.37(d) — Costs at Closing table — enumerated items (chapeau recall fix)
(i) Labeled “Closing Costs,” the dollar amount disclosed pursuant to paragraph (g)(6) of this section, together with: (A) A statement that the amount disclosed pursuant to paragraph (d)(1)(i) of this section includes the amounts disclosed pursuant to paragraphs (f)(4), (g)(5), and (g)(6)(ii); (B) The dollar amount disclosed pursuant to paragraph (f)(4) of this section, labeled “Loan Costs”; (C) The dollar amount disclosed pursuant to paragraph (g)(5) of this section, labeled “Other Costs”: (D) The dollar amount disclosed pursuant to paragraph (g)(6)(ii) of this section, labeled “Lender Credits”; and (E) A statement referring the consumer to the tables disclosed pursuant to paragraphs (f) and (g) of this section for details. (ii) Labeled “Cash to Close,” the dollar amount calculated in accordance with paragraph (h)(1)(viii) of this section, together with: (A) A statement that the amount includes the amount disclosed pursuant to paragraph (d)(1)(i) of this section, and (B) A statement referring the consumer to the location of the table required pursuant to paragraph (h) of this section for details.