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Type: FCA Regulation
PART 617 - BORROWER RIGHTS
Subpart B - Disclosure of Effective Interest Rates


617.7115 How should a qualified lender disclose loan origination charges?
Any one-time charge paid by a borrower to a qualified lender in consideration for making a loan must be included in the effective interest rate as a loan origination charge. These include, but are not limited to, loan origination fees, application fees, and conversion fees. Loan origination charges also include any payments made by a borrower to a qualified lender to reduce the interest rate that would otherwise be charged, including any charges designated as "points."

[69 FR 16459, Mar. 30, 2004]

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