source:
  type: regulation
  id: reg-z-1026.20
  authority: 12 CFR §1026.20 — Disclosure requirements regarding post-consummation events
  description: 'Regulation Z §1026.20 governs post-consummation disclosures: refinancings, ARM rate-adjustment
    notices, the initial ARM adjustment notice, and the escrow cancellation notice.'
obligations:
- id: reg-z-1026.20-a
  canonical_id: reg-z-1026.20-a
  section: 12 CFR §1026.20(a)
  description: '(a): (a) Refinancings. A refinancing occurs when an existing obligation that was subject
    to this subpart is satisfied and replaced by a new obligation undertaken by the same consumer . A
    refinancing is a new transaction requiring new disclosures to the consumer . The new finance charge
    shall include any …'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(a) Refinancings. A refinancing occurs when an existing obligation that was subject
      to this subpart is satisfied and replaced by a new obligation undertaken by the same consumer .
      A refinancing is a new transaction requiring new disclosures to the consumer . The new finance charge
      shall include any unearned portion of the old finance charge that is not credited to the existing
      obligation . The following shall not be treated as a refinancing: (1) A renewal of a single payment
      obligation with no change in the original terms. (2) A reduction in the annual percentage rate with
      a corresponding change in the payment schedule. (3) An agreement involving a court proceeding. (4)
      A change in the payment schedule or a change in collateral requirements as a result of the consumer
      ''s default or delinquency , unless the rate is increased, or the new amount financed exceeds the
      unpaid balance plus earned finance charge and premiums for continuation of insurance of the types
      described in § 1026.4(d) . (5) The renewal of optional insurance purchased by the consumer and added
      to an existing transaction, if disclosures relating to the initial purchase were provided as required
      by this subpart.'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-b
  canonical_id: reg-z-1026.20-b
  section: 12 CFR §1026.20(b)
  description: '(b): (b) Assumptions. An assumption occurs when a creditor expressly agrees in writing
    with a subsequent consumer to accept that consumer as a primary obligor on an existing residential
    mortgage transaction. Before the assumption occurs, the creditor shall make new disclosures to the
    subsequent consumer …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(b) Assumptions. An assumption occurs when a creditor expressly agrees in writing
      with a subsequent consumer to accept that consumer as a primary obligor on an existing residential
      mortgage transaction. Before the assumption occurs, the creditor shall make new disclosures to the
      subsequent consumer , based on the remaining obligation . If the finance charge originally imposed
      on the existing obligation was an add-on or discount finance charge, the creditor need only disclose:
      (1) The unpaid balance of the obligation assumed. (2) The total charges imposed by the creditor
      in connection with the assumption. (3) The information required to be disclosed under § 1026.18(k)
      , (l), (m), and (n). (4) The annual percentage rate originally imposed on the obligation . (5) The
      payment schedule under § 1026.18(g) and the total of payments under § 1026.18(h) based on the remaining
      obligation .'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-c
  canonical_id: reg-z-1026.20-c
  section: 12 CFR §1026.20(c)
  description: '(c): (c) Rate adjustments with a corresponding change in payment. The creditor, assignee,
    or servicer of an adjustable-rate mortgage shall provide consumers with disclosures, as described
    in this paragraph (c), in connection with the adjustment of interest rates pursuant to the loan contract
    that results…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(c) Rate adjustments with a corresponding change in payment. The creditor, assignee,
      or servicer of an adjustable-rate mortgage shall provide consumers with disclosures, as described
      in this paragraph (c), in connection with the adjustment of interest rates pursuant to the loan
      contract that results in a corresponding adjustment to the payment. To the extent that other provisions
      of this subpart C govern the disclosures required by this paragraph (c), those provisions apply
      to assignees and servicers as well as to creditors. The disclosures required by this paragraph (c)
      also shall be provided for an interest rate adjustment resulting from the conversion of an adjustable-rate
      mortgage to a fixed-rate transaction, if that interest rate adjustment results in a corresponding
      payment change. (1) Coverage —(i) In general. For purposes of this paragraph (c), an adjustable-rate
      mortgage or “ARM” is a closed-end consumer credit transaction secured by the consumer ''s principal
      dwelling in which the annual percentage rate may increase after consummation. (ii) Exemptions. The
      requirements of this paragraph (c) do not apply to: (A) ARMs with terms of one year or less; (B)
      The first interest rate adjustment to an ARM if the first payment at the adjusted level is due within
      210 days after consummation and the new interest rate disclosed at consummation pursuant to § 1026.20(d)
      was not an estimate; or (C) The creditor, assignee or servicer of an adjustable-rate mortgage when
      the servicer on the loan is subject to the Fair Debt Collections Practices Act (FDCPA) ( 15 U.S.C.
      1692 et seq. ) with regard to the loan and the consumer has sent a notification pursuant to FDCPA
      section 805(c) ( 15 U.S.C. 1692c(c) ). (2) Timing and content. Except as otherwise provided in paragraph
      (c)(2) of this section, the disclosures required by this paragraph (c) shall be provided to consumers
      at least 60, but no more than 120, days before the first payment at the adjusted level is due. The
      disclosures shall be provided to consumers at least 25, but no more than 120, days before the first
      payment at the adjusted level is due for ARMs with uniformly scheduled interest rate adjustments
      occurring every 60 days or more frequently and for ARMs originated prior to January 10, 2015 in
      which the loan contract requires the adjusted interest rate and payment to be calculated based on
      the index figure available as of a date that is less than 45 days prior to the adjustment date.
      The disclosures shall be provided to consumers as soon as practicable, but not less than 25 days
      before the first payment at the adjusted level is due, for the first adjustment to an ARM if it
      occurs within 60 days of consummation and the new interest rate disclosed at consummation pursuant
      to § 1026.20(d) was an estimate. The disclosures required by this paragraph (c) shall include:'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-i
  canonical_id: reg-z-1026.20-i
  section: 12 CFR §1026.20(i)
  description: '(i): (i) A statement providing: (A) An explanation that under the terms of the consumer
    ''s adjustable-rate mortgage , the specific time period in which the current interest rate has been
    in effect is ending and the interest rate and mortgage payment will change; (B) The effective date
    of the interest rat…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(i) A statement providing: (A) An explanation that under the terms of the consumer
      ''s adjustable-rate mortgage , the specific time period in which the current interest rate has been
      in effect is ending and the interest rate and mortgage payment will change; (B) The effective date
      of the interest rate adjustment and when additional future interest rate adjustments are scheduled
      to occur; and (C) Any other changes to loan terms, features, or options taking effect on the same
      date as the interest rate adjustment, such as the expiration of interest-only or payment-option
      features. (ii) A table containing the following information: (A) The current and new interest rates;
      (B) The current and new payments and the date the first new payment is due; and (C) For interest-only
      or negatively-amortizing payments, the amount of the current and new payment allocated to principal,
      interest, and taxes and insurance in escrow, as applicable. The current payment allocation disclosed
      shall be the payment allocation for the last payment prior to the date of the disclosure. The new
      payment allocation disclosed shall be the expected payment allocation for the first payment for
      which the new interest rate will apply. (iii) An explanation of how the interest rate is determined,
      including: (A) The specific index or formula used in making interest rate adjustments and a source
      of information about the index or formula; and (B) The type and amount of any adjustment to the
      index, including any margin and an explanation that the margin is the addition of a certain number
      of percentage points to the index, and any application of previously foregone interest rate increases
      from past interest rate adjustments. (iv) Any limits on the interest rate or payment increases at
      each interest rate adjustment and over the life of the loan, as applicable, including the extent
      to which such limits result in the creditor, assignee, or servicer foregoing any increase in the
      interest rate and the earliest date that such foregone interest rate increases may apply to future
      interest rate adjustments, subject to those limits.'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-v
  canonical_id: reg-z-1026.20-v
  section: 12 CFR §1026.20(v)
  description: '(v): (v) An explanation of how the new payment is determined, including: (A) The index
    or formula used; (B) Any adjustment to the index or formula, such as the addition of a margin or the
    application of any previously foregone interest rate increases from past interest rate adjustments;
    (C) The loan bala…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(v) An explanation of how the new payment is determined, including: (A) The index
      or formula used; (B) Any adjustment to the index or formula, such as the addition of a margin or
      the application of any previously foregone interest rate increases from past interest rate adjustments;
      (C) The loan balance expected on the date of the interest rate adjustment; and (D) The length of
      the remaining loan term expected on the date of the interest rate adjustment and any change in the
      term of the loan caused by the adjustment. (vi) If applicable, a statement that the new payment
      will not be allocated to pay loan principal and will not reduce the loan balance. If the new payment
      will result in negative amortization, a statement that the new payment will not be allocated to
      pay loan principal and will pay only part of the loan interest, thereby adding to the balance of
      the loan. If the new payment will result in negative amortization as a result of the interest rate
      adjustment, the statement shall set forth the payment required to amortize fully the remaining balance
      at the new interest rate over the remainder of the loan term. (vii) The circumstances under which
      any prepayment penalty, as defined in § 1026.32(b)(6)(i) , may be imposed, such as when paying the
      loan in full or selling or refinancing the principal dwelling ; the time period during which such
      a penalty may be imposed; and a statement that the consumer may contact the servicer for additional
      information, including the maximum amount of the penalty. (3) Format.'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-i
  canonical_id: reg-z-1026.20-i
  section: 12 CFR §1026.20(i)
  description: '(i): (i) The disclosures required by this paragraph (c) shall be provided in the form
    of a table and in the same order as, and with headings and format substantially similar to, forms
    H-4(D)(1) and (2) in appendix H to this part; and (ii) The disclosures required by paragraph (c)(2)(ii)
    of this section s…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: (i) The disclosures required by this paragraph (c) shall be provided in the form
      of a table and in the same order as, and with headings and format substantially similar to, forms
      H-4(D)(1) and (2) in appendix H to this part; and (ii) The disclosures required by paragraph (c)(2)(ii)
      of this section shall be in the form of a table located within the table described in paragraph
      (c)(3)(i) of this section. These disclosures shall appear in the same order as, and with headings
      and format substantially similar to, the table inside the larger table in forms H-4(D)(1) and (2)
      in appendix H to this part.
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-d
  canonical_id: reg-z-1026.20-d
  section: 12 CFR §1026.20(d)
  description: '(d): (d) Initial rate adjustment. The creditor, assignee, or servicer of an adjustable-rate
    mortgage shall provide consumers with disclosures, as described in this paragraph (d), in connection
    with the initial interest rate adjustment pursuant to the loan contract. To the extent that other
    provisions of …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(d) Initial rate adjustment. The creditor, assignee, or servicer of an adjustable-rate
      mortgage shall provide consumers with disclosures, as described in this paragraph (d), in connection
      with the initial interest rate adjustment pursuant to the loan contract. To the extent that other
      provisions of this subpart C govern the disclosures required by this paragraph (d), those provisions
      apply to assignees and servicers as well as to creditors. The disclosures required by this paragraph
      (d) shall be provided as a separate document from other documents provided by the creditor, assignee,
      or servicer. The disclosures shall be provided to consumers at least 210, but no more than 240,
      days before the first payment at the adjusted level is due. If the first payment at the adjusted
      level is due within the first 210 days after consummation, the disclosures shall be provided at
      consummation. (1) Coverage —(i) In general. For purposes of this paragraph (d), an adjustable-rate
      mortgage or “ARM” is a closed-end consumer credit transaction secured by the consumer ''s principal
      dwelling in which the annual percentage rate may increase after consummation. (ii) Exemptions. The
      requirements of this paragraph (d) do not apply to ARMs with terms of one year or less. (2) Content.
      If the new interest rate (or the new payment calculated from the new interest rate) is not known
      as of the date of the disclosure, an estimate shall be disclosed and labeled as such. This estimate
      shall be based on the calculation of the index reported in the source of information described in
      paragraph (d)(2)(iv)(A) of this section within fifteen business days prior to the date of the disclosure.
      The disclosures required by this paragraph (d) shall include:'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-i
  canonical_id: reg-z-1026.20-i
  section: 12 CFR §1026.20(i)
  description: '(i): (i) The date of the disclosure. (ii) A statement providing: (A) An explanation that
    under the terms of the consumer ''s adjustable-rate mortgage , the specific time period in which the
    current interest rate has been in effect is ending and that any change in the interest rate may result
    in a change i…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(i) The date of the disclosure. (ii) A statement providing: (A) An explanation that
      under the terms of the consumer ''s adjustable-rate mortgage , the specific time period in which
      the current interest rate has been in effect is ending and that any change in the interest rate
      may result in a change in the mortgage payment; (B) The effective date of the interest rate adjustment
      and when additional future interest rate adjustments are scheduled to occur; and (C) Any other changes
      to loan terms, features, or options taking effect on the same date as the interest rate adjustment,
      such as the expiration of interest-only or payment-option features. (iii) A table containing the
      following information: (A) The current and new interest rates; (B) The current and new payments
      and the date the first new payment is due; and (C) For interest-only or negatively-amortizing payments,
      the amount of the current and new payment allocated to principal, interest, and taxes and insurance
      in escrow, as applicable. The current payment allocation disclosed shall be the payment allocation
      for the last payment prior to the date of the disclosure. The new payment allocation disclosed shall
      be the expected payment allocation for the first payment for which the new interest rate will apply.
      (iv) An explanation of how the interest rate is determined, including: (A) The specific index or
      formula used in making interest rate adjustments and a source of information about the index or
      formula; and (B) The type and amount of any adjustment to the index, including any margin and an
      explanation that the margin is the addition of a certain number of percentage points to the index.'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-v
  canonical_id: reg-z-1026.20-v
  section: 12 CFR §1026.20(v)
  description: '(v): (v) Any limits on the interest rate or payment increases at each interest rate adjustment
    and over the life of the loan, as applicable, including the extent to which such limits result in
    the creditor, assignee, or servicer foregoing any increase in the interest rate and the earliest date
    that such …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(v) Any limits on the interest rate or payment increases at each interest rate adjustment
      and over the life of the loan, as applicable, including the extent to which such limits result in
      the creditor, assignee, or servicer foregoing any increase in the interest rate and the earliest
      date that such foregone interest rate increases may apply to future interest rate adjustments, subject
      to those limits. (vi) An explanation of how the new payment is determined, including: (A) The index
      or formula used; (B) Any adjustment to the index or formula, such as the addition of a margin; (C)
      The loan balance expected on the date of the interest rate adjustment; (D) The length of the remaining
      loan term expected on the date of the interest rate adjustment and any change in the term of the
      loan caused by the adjustment; and (E) If the new interest rate or new payment provided is an estimate,
      a statement that another disclosure containing the actual new interest rate and new payment will
      be provided to the consumer between two and four months before the first payment at the adjusted
      level is due for interest rate adjustments that result in a corresponding payment change. (vii)
      If applicable, a statement that the new payment will not be allocated to pay loan principal and
      will not reduce the loan balance. If the new payment will result in negative amortization, a statement
      that the new payment will not be allocated to pay loan principal and will pay only part of the loan
      interest, thereby adding to the balance of the loan. If the new payment will result in negative
      amortization as a result of the interest rate adjustment, the statement shall set forth the payment
      required to amortize fully the remaining balance at the new interest rate over the remainder of
      the loan term. (viii) The circumstances under which any prepayment penalty, as defined in § 1026.32(b)(6)(i)
      , may be imposed, such as when paying the loan in full or selling or refinancing the principal dwelling
      ; the time period during which such a penalty may be imposed; and a statement that the consumer
      may contact the servicer for additional information, including the maximum amount of the penalty.
      (ix) The telephone number of the creditor, assignee, or servicer for consumers to call if they anticipate
      not being able to make their new payments.'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-x
  canonical_id: reg-z-1026.20-x
  section: 12 CFR §1026.20(x)
  description: '(x): (x) The following alternatives to paying at the new rate that consumers may be able
    to pursue and a brief explanation of each alternative, expressed in simple and clear terms: (A) Refinancing
    the loan with the current or another creditor or assignee; (B) Selling the property and using the
    proceeds t…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(x) The following alternatives to paying at the new rate that consumers may be able
      to pursue and a brief explanation of each alternative, expressed in simple and clear terms: (A)
      Refinancing the loan with the current or another creditor or assignee; (B) Selling the property
      and using the proceeds to pay the loan in full; (C) Modifying the terms of the loan with the creditor,
      assignee, or servicer; and (D) Arranging payment forbearance with the creditor, assignee, or servicer.
      (xi) The Web site to access either the Bureau list or the HUD list of homeownership counselors and
      counseling organizations, the HUD toll-free telephone number to access the HUD list of homeownership
      counselors and counseling organizations, and the Bureau Web site to access contact information for
      State housing finance authorities (as defined in § 1301 of the Financial Institutions Reform, Recovery,
      and Enforcement Act of 1989). (3) Format.'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-i
  canonical_id: reg-z-1026.20-i
  section: 12 CFR §1026.20(i)
  description: '(i): (i) Except for the disclosures required by paragraph (d)(2)(i) of this section, the
    disclosures required by this paragraph (d) shall be provided in the form of a table and in the same
    order as, and with headings and format substantially similar to, forms H-4(D)(3) and (4) in appendix
    H to this part;…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: (i) Except for the disclosures required by paragraph (d)(2)(i) of this section, the
      disclosures required by this paragraph (d) shall be provided in the form of a table and in the same
      order as, and with headings and format substantially similar to, forms H-4(D)(3) and (4) in appendix
      H to this part; (ii) The disclosures required by paragraph (d)(2)(i) of this section shall appear
      outside of and above the table required in paragraph (d)(3)(i) of this section; and (iii) The disclosures
      required by paragraph (d)(2)(iii) of this section shall be in the form of a table located within
      the table described in paragraph (d)(3)(i) of this section. These disclosures shall appear in the
      same order as, and with headings and format substantially similar to, the table inside the larger
      table in forms H-4(D)(3) and (4) in appendix H to this part.
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-e
  canonical_id: reg-z-1026.20-e
  section: 12 CFR §1026.20(e)
  description: '(e): (e) Escrow account cancellation notice for certain mortgage transactions —(1) Scope.
    In a closed-end consumer credit transaction secured by a first lien on real property or a dwelling
    , other than a reverse mortgage subject to § 1026.33 , for which an escrow account was established
    in connection wit…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(e) Escrow account cancellation notice for certain mortgage transactions —(1) Scope.
      In a closed-end consumer credit transaction secured by a first lien on real property or a dwelling
      , other than a reverse mortgage subject to § 1026.33 , for which an escrow account was established
      in connection with the transaction and will be cancelled, the creditor or servicer shall disclose
      the information specified in paragraph (e)(2) of this section in accordance with the form requirements
      in paragraph (e)(4) of this section, and the timing requirements in paragraph (e)(5) of this section.
      For purposes of this paragraph (e), the term “escrow account” has the same meaning as under 12 CFR
      1024.17 (b), and the term “servicer” has the same meaning as under 12 CFR 1024.2 (b). (2) Content
      requirements. If an escrow account was established in connection with a transaction subject to this
      paragraph (e) and the escrow account will be cancelled, the creditor or servicer shall clearly and
      conspicuously disclose, under the heading “Escrow Closing Notice,” the following information:'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-i
  canonical_id: reg-z-1026.20-i
  section: 12 CFR §1026.20(i)
  description: '(i): (i) A statement informing the consumer of the date on which the consumer will no
    longer have an escrow account; a statement that an escrow account may also be called an impound or
    trust account; a statement of the reason why the escrow account will be closed; a statement that without
    an escrow accou…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: '(i) A statement informing the consumer of the date on which the consumer will no
      longer have an escrow account; a statement that an escrow account may also be called an impound
      or trust account; a statement of the reason why the escrow account will be closed; a statement that
      without an escrow account, the consumer must pay all property costs, such as taxes and homeowner''s
      insurance, directly, possibly in one or two large payments a year; and a table, titled “Cost to
      you,” that contains an itemization of the amount of any fee the creditor or servicer imposes on
      the consumer in connection with the closure of the consumer ''s escrow account, labeled “Escrow
      Closing Fee,” and a statement that the fee is for closing the escrow account. (ii) Under the reference
      “In the future”: (A) A statement of the consequences if the consumer fails to pay property costs,
      including the actions that a State or local government may take if property taxes are not paid and
      the actions the creditor or servicer may take if the consumer does not pay some or all property
      costs, such as adding amounts to the loan balance, adding an escrow account to the loan, or purchasing
      a property insurance policy on the consumer ''s behalf that may be more expensive and provide fewer
      benefits than a policy that the consumer could obtain directly; (B) A statement with a telephone
      number that the consumer can use to request additional information about the cancellation of the
      escrow account; (C) A statement of whether the creditor or servicer offers the option of keeping
      the escrow account open and, as applicable, a telephone number the consumer can use to request that
      the account be kept open; and (D) A statement of whether there is a cut-off date by which the consumer
      can request that the account be kept open. (3) Optional information. The creditor or servicer may,
      at its option, include its name or logo, the consumer ''s name, phone number, mailing address and
      property address, the issue date of the notice, the loan number, or the consumer ''s account number
      on the notice required by this paragraph (e). Except for the name and logo of the creditor or servicer,
      the information described in this paragraph may be placed between the heading required by paragraph
      (e)(2) of this section and the disclosures required by paragraphs (e)(2)(i) and (ii) of this section.
      The name and logo may be placed above the heading required by paragraph (e)(2) of this section.
      (4) Form of disclosures. The disclosures required by paragraph (e)(2) of this section shall be provided
      in a minimum 10-point font, grouped together on the front side of a one-page document, separate
      from all other materials, with the headings, content, order, and format substantially similar to
      model form H-29 in appendix H to this part. The disclosure of the heading required by paragraph
      (e)(2) of this section shall be more conspicuous than, and shall precede, the other disclosures
      required by paragraph (e)(2) of this section. (5) Timing —(i) Cancellation upon consumer''s request.
      If the creditor or servicer cancels the escrow account at the consumer ''s request, the creditor
      or servicer shall ensure that the consumer receives the disclosures required by paragraph (e)(2)
      of this section no later than three business days before the closure of the consumer ''s escrow
      account. (ii) Cancellations other than upon the consumer''s request. If the creditor or servicer
      cancels the escrow account and the cancellation is not at the consumer ''s request, the creditor
      or servicer shall ensure that the consumer receives the disclosures required by paragraph (e)(2)
      of this section no later than 30 business days before the closure of the consumer ''s escrow account.
      (iii) Receipt of disclosure. If the disclosures required by paragraph (e)(2) of this section are
      not provided to the consumer in person, the consumer is considered to have received the disclosures
      three business days after they are delivered or placed in the mail.'
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: reg-z-1026.20-f
  canonical_id: reg-z-1026.20-f
  section: 12 CFR §1026.20(f)
  description: '(f): (f) Successor in interest. If, upon confirmation, a servicer provides a confirmed
    successor in interest who is not liable on the mortgage loan obligation with a written notice and
    acknowledgment form in accordance with Regulation X, § 1024.32(c)(1) of this chapter, the servicer
    is not required to pr…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 12 CFR §1026.20(a)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1026.20
    snapshot_id: 333cbe6ee368498f
    fetched_at: '2026-05-22T18:22:21Z'
    content_hash: sha256:880f9da3f935c66cdbaec092744cd1c3dce2aa5b7332014ed2d87af8aec04b0a
    paragraph_quote: (f) Successor in interest. If, upon confirmation, a servicer provides a confirmed
      successor in interest who is not liable on the mortgage loan obligation with a written notice and
      acknowledgment form in accordance with Regulation X, § 1024.32(c)(1) of this chapter, the servicer
      is not required to provide to the confirmed successor in interest any written disclosure required
      by paragraphs (c), (d), and (e) of this section unless and until the confirmed successor in interest
      either assumes the mortgage loan obligation under State law or has provided the servicer an executed
      acknowledgment in accordance with Regulation X, § 1024.32(c)(1)(iv) of this chapter, that the confirmed
      successor in interest has not revoked. [ 76 FR 79772 , Dec. 22, 2011, as amended at 78 FR 11004
      , Feb. 14, 2013; 78 FR 63005 , Oct. 23, 2013; 78 FR 80111 , Dec. 31, 2013; 81 FR 72388 , Oct. 19,
      2016] CFR Toolbox Law about... Articles from Wex Table of Popular Names Parallel Table of Authorities
      Accessibility About LII Contact us Advertise here Help Terms of use Privacy
    drafter_attestation: Verbatim subsection of 12 CFR §1026.20 from Cornell LII snapshot 333cbe6ee368498f;
      body isolated between nav and notes; substring-verified.
  judgment: false
