MNLO Cheat Sheet Acronyms

Question 1

What are the TILA Disclosers

BRAWL CCT (BRAWL on Closed Caption TV)

B-

R-

A-

W-

L-

C-

T-

Answer 1

TILA Disclosers

B= Ballon Note

R=Right to Recession

A=Arm Discloser (60 Day prior to Discloser)

W=When Home is on the line (initial)

L=Loan Estimate (3 Pages-Keep for Three years) Intial

C=CHARM Booklet

T=Transfer of Mortgage Notice (Ownership on primary mortgage only) Other-within 30 days od acuisition

Question 2

What Does Reg B Cover?

Answer 2

Reg B

ECOA

Equal Credit Opertunity Act

Question 3

What Does Reg C Cover?

Answer 3

Reg C

HMDA

Home Mortgage Discloser Act

Question 4

What Does Reg X Cover?

Answer 4

Reg X

RESPA