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(d) Content and design for the regular declaration. The statement that is periodic by this part shall add:

<strong>(d) Content and design for the regular declaration. </strong> The statement that is periodic by this part shall add:

1. Close proximity. Section 1026.41(d) requires a few disclosures become provided in proximity that is close the other person. The items to be provided in close proximity must be grouped together, and set off from other groupings of items to meet this requirement. This can be achieved in lots of ways, as an example, by presenting the knowledge in bins, or by organizing those items in the document and spacing that is including the groupings. Things in close proximity might not have any text that is unrelated them. Text is unrelated if it generally does not explain or expand upon the necessary disclosures.

2. Maybe perhaps maybe Not relevant. If a product needed by paragraph (d) or ( ag e) with this area just isn’t relevant into the loan, it may possibly be omitted through the statement that is periodic voucher guide. For instance, if there is absolutely no prepayment penalty connected with a loan, the prepayment penalty disclosures do not need to be supplied in the regular declaration.

3. Terminology. A servicer can use terminology other than that on the test regular statements in appendix H-30, provided that the brand new terminology is commonly comprehended. For instance, servicers can take under consideration differences that are regional terminology and relate to the account fully for the assortment of fees and insurance, known in § 1026.41(d) due to the fact “escrow account, ” as an “impound account. ”

4. Short-term loss mitigation programs. The disclosures required by § 1026.41(d)(2) in the event that customer has decided to a short-term loss mitigation program, (3), and (5) regarding how re re re payments were and will also be applied must determine exactly how re re payments are used in line with the loan agreement, no matter what the loss mitigation program that is temporary.