What’s a Refinance?

It’s not uncommon for bankers to use the terms refinance, renewal, extension, modification, etc., interchangeably. When it comes to compliance, however, you need to be careful. There can be a lot to consider, depending on what exactly you’re doing. If you have a refinance subject to Regulation Z, you may have to give all new disclosures.

David explains “refinances” under Truth in Lending in the video.

Ready to learn more? JOIN US for our webinar, “Refinances, Renewals & Modifications.” Featured topics include:

• When are you required to provide new disclosures?
• What is Refinance?
• What is a Modification?
• What is a Renewal?
• What regulatory requirements do each of these terms trigger?
• What are the If ’s, And’s and But’s?
• Commercial, Consumer, Closed and Open-End Credit
• Regulatory Guidance & Best Practices

Published
2022/09/07