source:
  type: regulation
  id: tila-12usc-1639
  authority: 15 U.S.C. §1639 — Requirements for certain mortgages (HOEPA)
  description: 'TILA statutory HOEPA section (high-cost mortgage). Sets the

    special pre-consummation disclosure, prepayment-penalty ban,

    balloon ban, negative-amortization ban, no-pattern-or-practice

    of disregard for ability-to-pay, home-improvement-payment

    routing, no-recommended-default, and late-fee limits for

    high-cost mortgages. Implemented in Regulation Z at 12 CFR

    §1026.32 (coverage/disclosures) and §1026.34 (prohibited acts).

    '
obligations:
- id: tila-12usc-1639-a
  canonical_id: tila-12usc-1639-a
  section: 15 U.S.C. §1639(a)
  description: '(a): (a) Disclosures (1) Specific disclosures In addition to other disclosures required
    under this subchapter, for each mortgage referred to in section 1602(aa) [1] of this title, the creditor
    shall provide the following disclosures in conspicuous type size: (A) “You are not required to complete
    this agr…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: '(a) Disclosures (1) Specific disclosures In addition to other disclosures required
      under this subchapter, for each mortgage referred to in section 1602(aa) [1] of this title, the
      creditor shall provide the following disclosures in conspicuous type size: (A) “You are not required
      to complete this agreement merely because you have received these disclosures or have signed a loan
      application.”. (B) “If you obtain this loan, the lender will have a mortgage on your home. You could
      lose your home, and any money you have put into it, if you do not meet your obligations under the
      loan.”. (2) Annual percentage rate In addition to the disclosures required under paragraph (1),
      the creditor shall disclose— (A) in the case of a credit transaction with a fixed rate of interest,
      the annual percentage rate and the amount of the regular monthly payment; or (B) in the case of
      any other credit transaction, the annual percentage rate of the loan, the amount of the regular
      monthly payment, a statement that the interest rate and monthly payment may increase, and the amount
      of the maximum monthly payment, based on the maximum interest rate allowed pursuant to section 3806
      of title 12 .'
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-b
  canonical_id: tila-12usc-1639-b
  section: 15 U.S.C. §1639(b)
  description: '(b): (b) Time of disclosures (1) In general The disclosures required by this section shall
    be given not less than 3 business days prior to consummation of the transaction. (2) New disclosures
    required (A) In general After providing the disclosures required by this section, a creditor may not
    change the t…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (b) Time of disclosures (1) In general The disclosures required by this section shall
      be given not less than 3 business days prior to consummation of the transaction. (2) New disclosures
      required (A) In general After providing the disclosures required by this section, a creditor may
      not change the terms of the extension of credit if such changes make the disclosures inaccurate,
      unless new disclosures are provided that meet the requirements of this section. (B) Telephone disclosure
      A creditor may provide new disclosures pursuant to subparagraph (A) by telephone, if—
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-i
  canonical_id: tila-12usc-1639-i
  section: 15 U.S.C. §1639(i)
  description: '(i): (i) the change is initiated by the consumer; and (ii) at the consummation of the
    transaction under which the credit is extended— (I) the creditor provides to the consumer the new
    disclosures, in writing; and (II) the creditor and consumer certify in writing that the new disclosures
    were provided by …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (i) the change is initiated by the consumer; and (ii) at the consummation of the
      transaction under which the credit is extended— (I) the creditor provides to the consumer the new
      disclosures, in writing; and (II) the creditor and consumer certify in writing that the new disclosures
      were provided by telephone, by not later than 3 days prior to the date of consummation of the transaction.
      (3) No wait for lower rate If a creditor extends to a consumer a second offer of credit with a lower
      annual percentage rate, the transaction may be consummated without regard to the period specified
      in paragraph (1) with respect to the second offer. (4) Modifications The Bureau may, if it finds
      that such action is necessary to permit homeowners to meet bona fide personal financial emergencies,
      prescribe regulations authorizing the modification or waiver of rights created under this subsection,
      to the extent and under the circumstances set forth in those regulations.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-c
  canonical_id: tila-12usc-1639-c
  section: 15 U.S.C. §1639(c)
  description: '(c): (c) No prepayment penalty (1) In general [2] (A) Limitation on terms A mortgage referred
    to in section 1602(aa) 1 of this title may not contain terms under which a consumer must pay a prepayment
    penalty for paying all or part of the principal before the date on which the principal is due. (B)
    Constr…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (c) No prepayment penalty (1) In general [2] (A) Limitation on terms A mortgage referred
      to in section 1602(aa) 1 of this title may not contain terms under which a consumer must pay a prepayment
      penalty for paying all or part of the principal before the date on which the principal is due. (B)
      Construction For purposes of this subsection, any method of computing a refund of unearned scheduled
      interest is a prepayment penalty if it is less favorable to the consumer than the actuarial method
      (as that term is defined in section 1615(d) of this title ).
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-d
  canonical_id: tila-12usc-1639-d
  section: 15 U.S.C. §1639(d)
  description: '(d): (d) Limitations after default A mortgage referred to in section 1602(aa) 1 of this
    title may not provide for an interest rate applicable after default that is higher than the interest
    rate that applies before default. If the date of maturity of a mortgage referred to in subsection
    [3] 1602(aa) 1 of …'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (d) Limitations after default A mortgage referred to in section 1602(aa) 1 of this
      title may not provide for an interest rate applicable after default that is higher than the interest
      rate that applies before default. If the date of maturity of a mortgage referred to in subsection
      [3] 1602(aa) 1 of this title is accelerated due to default and the consumer is entitled to a rebate
      of interest, that rebate shall be computed by any method that is not less favorable than the actuarial
      method (as that term is defined in section 1615(d) of this title ).
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-e
  canonical_id: tila-12usc-1639-e
  section: 15 U.S.C. §1639(e)
  description: '(e): (e) No balloon payments No high-cost mortgage may contain a scheduled payment that
    is more than twice as large as the average of earlier scheduled payments. This subsection shall not
    apply when the payment schedule is adjusted to the seasonal or irregular income of the consumer.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (e) No balloon payments No high-cost mortgage may contain a scheduled payment that
      is more than twice as large as the average of earlier scheduled payments. This subsection shall
      not apply when the payment schedule is adjusted to the seasonal or irregular income of the consumer.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-f
  canonical_id: tila-12usc-1639-f
  section: 15 U.S.C. §1639(f)
  description: '(f): (f) No negative amortization A mortgage referred to in section 1602(aa) 1 of this
    title may not include terms under which the outstanding principal balance will increase at any time
    over the course of the loan because the regular periodic payments do not cover the full amount of
    interest due.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (f) No negative amortization A mortgage referred to in section 1602(aa) 1 of this
      title may not include terms under which the outstanding principal balance will increase at any time
      over the course of the loan because the regular periodic payments do not cover the full amount of
      interest due.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-g
  canonical_id: tila-12usc-1639-g
  section: 15 U.S.C. §1639(g)
  description: '(g): (g) No prepaid payments A mortgage referred to in section 1602(aa) 1 of this title
    may not include terms under which more than 2 periodic payments required under the loan are consolidated
    and paid in advance from the loan proceeds provided to the consumer.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (g) No prepaid payments A mortgage referred to in section 1602(aa) 1 of this title
      may not include terms under which more than 2 periodic payments required under the loan are consolidated
      and paid in advance from the loan proceeds provided to the consumer.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-h
  canonical_id: tila-12usc-1639-h
  section: 15 U.S.C. §1639(h)
  description: '(h): (h) Prohibition on extending credit without regard to payment ability of consumer
    A creditor shall not engage in a pattern or practice of extending credit to consumers under mortgages
    referred to in section 1602(aa) 1 of this title based on the consumers’ collateral without regard
    to the consumers’ …'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (h) Prohibition on extending credit without regard to payment ability of consumer
      A creditor shall not engage in a pattern or practice of extending credit to consumers under mortgages
      referred to in section 1602(aa) 1 of this title based on the consumers’ collateral without regard
      to the consumers’ repayment ability, including the consumers’ current and expected income, current
      obligations, and employment.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-i
  canonical_id: tila-12usc-1639-i
  section: 15 U.S.C. §1639(i)
  description: '(i): (i) Requirements for payments under home improvement contracts A creditor shall not
    make a payment to a contractor under a home improvement contract from amounts extended as credit under
    a mortgage referred to in section 1602(aa) 1 of this title, other than— (1) in the form of an instrument
    that is …'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (i) Requirements for payments under home improvement contracts A creditor shall not
      make a payment to a contractor under a home improvement contract from amounts extended as credit
      under a mortgage referred to in section 1602(aa) 1 of this title, other than— (1) in the form of
      an instrument that is payable to the consumer or jointly to the consumer and the contractor; or
      (2) at the election of the consumer, by a third party escrow agent in accordance with terms established
      in a written agreement signed by the consumer, the creditor , and the contractor before the date
      of payment.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-j
  canonical_id: tila-12usc-1639-j
  section: 15 U.S.C. §1639(j)
  description: '(j): (j) Recommended default No creditor shall recommend or encourage default on an existing
    loan or other debt prior to and in connection with the closing or planned closing of a high-cost mortgage
    that refinances all or any portion of such existing loan or debt.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (j) Recommended default No creditor shall recommend or encourage default on an existing
      loan or other debt prior to and in connection with the closing or planned closing of a high-cost
      mortgage that refinances all or any portion of such existing loan or debt.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-k
  canonical_id: tila-12usc-1639-k
  section: 15 U.S.C. §1639(k)
  description: '(k): (k) Late fees (1) In general No creditor may impose a late payment charge or fee
    in connection with a high-cost mortgage— (A) in an amount in excess of 4 percent of the amount of
    the payment past due; (B) unless the loan documents specifically authorize the charge or fee; (C)
    before the end of the 1…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (k) Late fees (1) In general No creditor may impose a late payment charge or fee
      in connection with a high-cost mortgage— (A) in an amount in excess of 4 percent of the amount of
      the payment past due; (B) unless the loan documents specifically authorize the charge or fee; (C)
      before the end of the 15-day period beginning on the date the payment is due, or in the case of
      a loan on which interest on each installment is paid in advance, before the end of the 30-day period
      beginning on the date the payment is due; or (D) more than once with respect to a single late payment.
      (2) Coordination with subsequent late fees If a payment is otherwise a full payment for the applicable
      period and is paid on its due date or within an applicable grace period, and the only delinquency
      or insufficiency of payment is attributable to any late fee or delinquency charge assessed on any
      earlier payment, no late fee or delinquency charge may be imposed on such payment. (3) Failure to
      make installment payment If, in the case of a loan agreement the terms of which provide that any
      payment shall first be applied to any past due principal balance, the consumer fails to make an
      installment payment and the consumer subsequently resumes making installment payments but has not
      paid all past due installments, the creditor may impose a separate late payment charge or fee for
      any principal due (without deduction due to late fees or related fees) until the default is cured.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-l
  canonical_id: tila-12usc-1639-l
  section: 15 U.S.C. §1639(l)
  description: '(l): (l) Acceleration of debt No high-cost mortgage may contain a provision which permits
    the creditor to accelerate the indebtedness, except when repayment of the loan has been accelerated
    by default in payment, or pursuant to a due-on-sale provision, or pursuant to a material violation
    of some other pr…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (l) Acceleration of debt No high-cost mortgage may contain a provision which permits
      the creditor to accelerate the indebtedness, except when repayment of the loan has been accelerated
      by default in payment, or pursuant to a due-on-sale provision, or pursuant to a material violation
      of some other provision of the loan document unrelated to payment schedule.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-m
  canonical_id: tila-12usc-1639-m
  section: 15 U.S.C. §1639(m)
  description: '(m): (m) Restriction on financing points and fees No creditor may directly or indirectly
    finance, in connection with any high-cost mortgage, any of the following: (1) Any prepayment fee or
    penalty payable by the consumer in a refinancing transaction if the creditor or an affiliate of the
    creditor is the …'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: '(m) Restriction on financing points and fees No creditor may directly or indirectly
      finance, in connection with any high-cost mortgage, any of the following: (1) Any prepayment fee
      or penalty payable by the consumer in a refinancing transaction if the creditor or an affiliate
      of the creditor is the noteholder of the note being refinanced. (2) Any points or fees.'
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-n
  canonical_id: tila-12usc-1639-n
  section: 15 U.S.C. §1639(n)
  description: '(n): (n) Consequence of failure to comply Any mortgage that contains a provision prohibited
    by this section shall be deemed a failure to deliver the material disclosures required under this
    subchapter, for the purpose of section 1635 of this title .'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (n) Consequence of failure to comply Any mortgage that contains a provision prohibited
      by this section shall be deemed a failure to deliver the material disclosures required under this
      subchapter, for the purpose of section 1635 of this title .
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-o
  canonical_id: tila-12usc-1639-o
  section: 15 U.S.C. §1639(o)
  description: '(o): (o) “Affiliate” defined For purposes of this section, the term “ affiliate ” has
    the same meaning as in section 1841(k) of title 12 .'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (o) “Affiliate” defined For purposes of this section, the term “ affiliate ” has
      the same meaning as in section 1841(k) of title 12 .
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-p
  canonical_id: tila-12usc-1639-p
  section: 15 U.S.C. §1639(p)
  description: '(p): (p) Discretionary regulatory authority of Bureau (1) Exemptions The Bureau may, by
    regulation or order, exempt specific mortgage products or categories of mortgages from any or all
    of the prohibitions specified in subsections (c) through (i), if the Bureau finds that the exemption—
    (A) is in the int…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (p) Discretionary regulatory authority of Bureau (1) Exemptions The Bureau may, by
      regulation or order, exempt specific mortgage products or categories of mortgages from any or all
      of the prohibitions specified in subsections (c) through (i), if the Bureau finds that the exemption—
      (A) is in the interest of the borrowing public; and (B) will apply only to products that maintain
      and strengthen home ownership and equity protection. (2) Prohibitions The Bureau, by regulation
      or order, shall prohibit acts or practices in connection with— (A) mortgage loans that the Bureau
      finds to be unfair, deceptive, or designed to evade the provisions of this section; and (B) refinancing
      of mortgage loans that the Bureau finds to be associated with abusive lending practices, or that
      are otherwise not in the interest of the borrower.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-q
  canonical_id: tila-12usc-1639-q
  section: 15 U.S.C. §1639(q)
  description: '(q): (q) Civil penalties in Federal Trade Commission enforcement actions For purposes
    of enforcement by the Federal Trade Commission , any violation of a regulation issued by the Bureau
    pursuant to subsection (l)(2) shall be treated as a violation of a rule promulgated under section
    57a of this title reg…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (q) Civil penalties in Federal Trade Commission enforcement actions For purposes
      of enforcement by the Federal Trade Commission , any violation of a regulation issued by the Bureau
      pursuant to subsection (l)(2) shall be treated as a violation of a rule promulgated under section
      57a of this title regarding unfair or deceptive acts or practices.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-r
  canonical_id: tila-12usc-1639-r
  section: 15 U.S.C. §1639(r)
  description: '(r): (r) Prohibitions on evasions, structuring of transactions, and reciprocal arrangements
    A creditor may not take any action in connection with a high-cost mortgage— (1) to structure a loan
    transaction as an open-end credit plan or another form of loan for the purpose and with the intent
    of evading the…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (r) Prohibitions on evasions, structuring of transactions, and reciprocal arrangements
      A creditor may not take any action in connection with a high-cost mortgage— (1) to structure a loan
      transaction as an open-end credit plan or another form of loan for the purpose and with the intent
      of evading the provisions of this subchapter; or (2) to divide any loan transaction into separate
      parts for the purpose and with the intent of evading provisions of this subchapter.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-s
  canonical_id: tila-12usc-1639-s
  section: 15 U.S.C. §1639(s)
  description: '(s): (s) Modification and deferral fees prohibited A creditor , successor in interest,
    assignee, or any agent of any of the above, may not charge a consumer any fee to modify, renew, extend,
    or amend a high-cost mortgage, or to defer any payment due under the terms of such mortgage.'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (s) Modification and deferral fees prohibited A creditor , successor in interest,
      assignee, or any agent of any of the above, may not charge a consumer any fee to modify, renew,
      extend, or amend a high-cost mortgage, or to defer any payment due under the terms of such mortgage.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-t
  canonical_id: tila-12usc-1639-t
  section: 15 U.S.C. §1639(t)
  description: '(t): (t) Payoff statement (1) Fees (A) In general Except as provided in subparagraph (B),
    no creditor or servicer may charge a fee for informing or transmitting to any person the balance due
    to pay off the outstanding balance on a high-cost mortgage. (B) Transaction fee When payoff information
    referred t…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (t) Payoff statement (1) Fees (A) In general Except as provided in subparagraph (B),
      no creditor or servicer may charge a fee for informing or transmitting to any person the balance
      due to pay off the outstanding balance on a high-cost mortgage. (B) Transaction fee When payoff
      information referred to in subparagraph (A) is provided by facsimile transmission or by a courier
      service, a creditor or servicer may charge a processing fee to cover the cost of such transmission
      or service in an amount not to exceed an amount that is comparable to fees imposed for similar services
      provided in connection with consumer credit transactions that are secured by the consumer’s principal
      dwelling and are not high-cost mortgages. (C) Fee disclosure Prior to charging a transaction fee
      as provided in subparagraph (B), a creditor or servicer shall disclose that payoff balances are
      available for free pursuant to subparagraph (A). (D) Multiple requests If a creditor or servicer
      has provided payoff information referred to in subparagraph (A) without charge, other than the transaction
      fee allowed by subparagraph (B), on 4 occasions during a calendar year, the creditor or servicer
      may thereafter charge a reasonable fee for providing such information during the remainder of the
      calendar year. (2) Prompt delivery Payoff balances shall be provided within 5 business days after
      receiving a request by a consumer or a person authorized by the consumer to obtain such information.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-u
  canonical_id: tila-12usc-1639-u
  section: 15 U.S.C. §1639(u)
  description: '(u): (u) Pre-loan counseling (1) In general A creditor may not extend credit to a consumer
    under a high-cost mortgage without first receiving certification from a counselor that is approved
    by the Secretary of Housing and Urban Development, or at the discretion of the Secretary, a State
    housing finance a…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (u) Pre-loan counseling (1) In general A creditor may not extend credit to a consumer
      under a high-cost mortgage without first receiving certification from a counselor that is approved
      by the Secretary of Housing and Urban Development, or at the discretion of the Secretary, a State
      housing finance authority, that the consumer has received counseling on the advisability of the
      mortgage. Such counselor shall not be employed by the creditor or an affiliate of the creditor or
      be affiliated with the creditor. (2) Disclosures required prior to counseling No counselor may certify
      that a consumer has received counseling on the advisability of the high-cost mortgage unless the
      counselor can verify that the consumer has received each statement required (in connection with
      such loan) by this section or the Real Estate Settlement Procedures Act of 1974 [ 12 U.S.C. 2601
      et seq.] with respect to the transaction. (3) Regulations The Board [4] may prescribe such regulations
      as the Board determines to be appropriate to carry out the requirements of paragraph (1).
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: tila-12usc-1639-v
  canonical_id: tila-12usc-1639-v
  section: 15 U.S.C. §1639(v)
  description: '(v): (v) Corrections and unintentional violations A creditor or assignee in a high-cost
    mortgage who, when acting in good faith, fails to comply with any requirement under this section will
    not be deemed to have violated such requirement if the creditor or assignee establishes that either—
    (1) within 30 …'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: 15 U.S.C. §1639(b)(1)
    source_class: tila-statute
    source_url: https://www.law.cornell.edu/uscode/text/15/1639
    snapshot_id: f472cb3e49e3918a
    fetched_at: '2026-05-22T18:51:51Z'
    content_hash: sha256:2eccdfa1c5f7d0d0dd9f921ded166d3361212e0ef57c9fe3009cd17ce198c4f5
    paragraph_quote: (v) Corrections and unintentional violations A creditor or assignee in a high-cost
      mortgage who, when acting in good faith, fails to comply with any requirement under this section
      will not be deemed to have violated such requirement if the creditor or assignee establishes that
      either— (1) within 30 days of the loan closing and prior to the institution of any action, the consumer
      is notified of or discovers the violation, appropriate restitution is made, and whatever adjustments
      are necessary are made to the loan to either, at the choice of the consumer— (A) make the loan satisfy
      the requirements of this part; or (B) in the case of a high-cost mortgage, change the terms of the
      loan in a manner beneficial to the consumer so that the loan will no longer be a high-cost mortgage;
      or (2) within 60 days of the creditor ’s discovery or receipt of notification of an unintentional
      violation or bona fide error and prior to the institution of any action, the consumer is notified
      of the compliance failure, appropriate restitution is made, and whatever adjustments are necessary
      are made to the loan to either, at the choice of the consumer— (A) make the loan satisfy the requirements
      of this part; or (B) in the case of a high-cost mortgage, change the terms of the loan in a manner
      beneficial so that the loan will no longer be a high-cost mortgage. ( Pub. L. 90–321, title I, §
      129 , as added Pub. L. 103–325, title I, § 152(d) , Sept. 23, 1994 , 108 Stat. 2191 ; amended Pub.
      L. 111–8, div. D, title VI, § 626(c) , Mar. 11, 2009 , 123 Stat. 679 ; Pub. L. 111–203, title X,
      § 1100A(2) , (9), title XIV, §§ 1432, 1433, July 21, 2010 , 124 Stat. 2107 , 2109, 2160; Pub. L.
      115–174, title I, § 109(a) , May 24, 2018 , 132 Stat. 1305 .) [1] See References in Text note below.
      [2] So in original. There is no par. (2). [3] So in original. Probably should be “section”. [4]
      So in original. Probably should be “Bureau”.
    drafter_attestation: Verbatim subsection of 15 U.S.C. §1639 from Cornell LII snapshot f472cb3e49e3918a;
      body isolated between nav and notes; substring-verified.
  judgment: false
