Luật vay thế chấp liên bangCâu 62 / 400
For a Qualified Mortgage of $100,000 or more, the total points and fees generally may not exceed what percentage of the total loan amount?
a.3 percent
b.5 percent
c.8 percent
d.10 percent
Giải thích
For a QM with a loan amount of $100,000 or more (thresholds are adjusted annually for inflation), total points and fees generally cannot exceed 3% of the total loan amount. Smaller loans are allowed higher percentage caps because fixed costs are a larger share. Exceeding the applicable cap disqualifies the loan from QM status and its liability protections.
Trích dẫn luật: Ability-to-Repay/Qualified Mortgage Rule (Reg Z 1026.43)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under Reg Z, which arrangement for changing a loan originator's compensation is generally permitted?
- The anti-steering safe harbor under Reg Z is satisfied when the loan originator presents the consumer with loan options that include the loan with the lowest interest rate, the loan with the lowest total dollar amount for origination points/fees, and:
- The Ability-to-Repay rule requires a creditor to make a reasonable, good-faith determination of the consumer's ability to repay. Which of the following is NOT one of the underwriting factors the rule requires the creditor to consider and verify?
- Which loan feature is generally NOT permitted in a Qualified Mortgage?
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