(1) (i) A universal
loan identifier (ULI) or, for a partially exempt transaction under
section 1003.3(d), either a ULI or a non-universal loan identifier
(NULI) as described in section 1003.3(d)(5) for the covered loan or
application that can be used to identify and retrieve the covered
loan or application file. Except for a purchased covered loan or application
described in paragraphs (a)(1)(i)(D) and (E) of this section or a
partially exempt transaction for which a NULI is assigned and reported
under section 1003.3(d), the financial institution shall assign and
report a ULI that:
(A)
Begins with the financial institution’s Legal Entity Identifier (LEI)
that is issued by:
(1) A utility endorsed by the LEI
Regulatory Oversight Committee; or
(2) A utility endorsed or otherwise governed by the Global
LEI Foundation (GLEIF) (or any successor of the GLEIF) after the GLEIF
assumes operational governance of the global LEI system.
(B) Follows the LEI with up to 23 additional
characters to identify the covered loan or application, which:
(1) May be letters, numerals, or a combination of letters
and numerals;
(2) Must be unique
within the financial institution; and
(3) Must not include any information that could be used to
directly identify the applicant or borrower; and
(C) Ends with a two-character check digit,
as prescribed in appendix C to this part.
(D) For a purchased covered loan that any
financial institution has previously assigned or reported with a ULI
under this part, the financial institution that purchases the covered
loan must use the ULI that was assigned or previously reported for
the covered loan.
(E) For an application
that was previously reported with a ULI under this part and that results
in an origination during the same calendar year that is reported in
a subsequent reporting period pursuant to section 1003.5(a)(1)(ii), the financial
institution may report the same ULI for the origination that was previously
reported for the application.
(ii) Except for purchased covered loans,
the date the application was received or the date shown on the application
form.
(2) Whether the
covered loan is, or in the case of an application would have been,
insured by the Federal Housing Administration, guaranteed by the Department
of Veterans Affairs, or guaranteed by the Rural Housing Service or
the Farm Service Agency.
(3) Whether
the covered loan is, or the application is for, a home purchase loan,
a home improvement loan, a refinancing, a cash-out refinancing, or
for a purpose other than home purchase, home improvement, refinancing,
or cash-out refinancing.
(4) Whether
the application or covered loan involved a request for a preapproval
of a home purchase loan under a preapproval program.
(5) Whether the construction method for
the dwelling related to the property identified in paragraph (a)(9)
of this section is site-built or a manufactured home.
(6) Whether the property identified in
paragraph (a)(9) of this section is or will be used by the applicant
or borrower as a principal residence, as a second residence, or as
an investment property.
(7) The
amount of the covered loan or the amount applied for, as applicable.
(i) For a closed-end
mortgage loan, other than a purchased loan, an assumption, or a reverse
mortgage, the amount to be repaid as disclosed on the legal obligation.
For a purchased closed-end mortgage loan or an assumption of a closed-end
mortgage loan, the unpaid principal balance at the time of purchase
or assumption.
(ii) For an open-end
line of credit, other than a reverse mortgage open-end line of credit,
the amount of credit available to the borrower under the terms of
the plan.
(iii) For a reverse
mortgage, the initial principal limit, as determined pursuant to section
255 of the National Housing Act (12 U.S.C. 1715z-20) and implementing
regulations and mortgagee letters issued by the U.S. Department of
Housing and Urban Development.
(8) The following information about the
financial institution’s action:
(i) The action taken by the financial
institution, recorded as one of the following:
(A) Whether a covered loan was originated
or purchased;
(B) Whether an application
for a covered loan that did not result in the origination of a covered
loan was approved but not accepted, denied, withdrawn by the applicant,
or closed for incompleteness; and
(C)
Whether a preapproval request that did not result in the origination
of a home purchase loan was denied or approved but not accepted.
(ii) The date of
the action taken by the financial institution.
(9) The following information about the
location of the property securing the covered loan or, in the case
of an application, proposed to secure the covered loan:
(i) The property address; and
(ii) If the property is located
in an MSA or MD in which the financial institution has a home or branch
office, or if the institution is subject to paragraph (e) of this
section, the location of the property by:
(A) State;
(B) County; and
(C) Census tract if
the property is located in a county with a population of more than
30,000 according to the most recent decennial census conducted by
the U.S. Census Bureau.
(10) The following information about the
applicant or borrower:
(i) Ethnicity, race, and sex, and whether this information was collected
on the basis of visual observation or surname;
(ii) Age; and
(iii) Except for covered loans or applications
for which the credit decision did not consider or would not have considered
income, the gross annual income re lied on in making the credit
decision or, if a credit decision was not made, the gross annual income
relied on in processing the application.
(11) The type of entity purchasing a covered
loan that the financial institution originates or purchases and then
sells within the same calendar year.
(12) (i) For covered loans and
applications that are approved but not accepted, and that are subject
to Regulation Z, 12 CFR part 1026, other than assumptions, purchased
covered loans, and reverse mortgages, the difference between the covered
loan’s annual percentage rate and the average prime offer rate for
a comparable transaction as of the date the interest rate is set.
(ii) “Average prime offer rate”
means an annual percentage rate that is derived from average interest
rates and other loan pricing terms currently offered to consumers
by a set of creditors for mortgage loans that have low-risk pricing
characteristics. The Bureau publishes tables of average prime offer
rates by transaction type at least weekly and also publishes the methodology
it uses to derive these rates.
(13) For covered loans subject to the Home
Ownership and Equity Protection Act of 1994, as implemented in Regulation
Z, 12 CFR 1026.32, whether the covered loan is a high-cost mortgage
under Regulation Z, 12 CFR 1026.32(a).
(14) The lien status (first or subordinate lien) of the property
identified under paragraph (a)(9) of this section.
(15) (i) Except for purchased
covered loans, the credit score or scores relied on in making the
credit decision and the name and version of the scoring model used
to generate each credit score.
(ii) For purposes of this paragraph (a)(15), “credit score” has the
meaning set forth in 15 U.S.C. 1681g(f)(2)(A).
(16) The principal reason or reasons the
financial institution denied the application, if applicable.
(17) For covered loans subject to Regulation
Z, 12 CFR 1026.43(c), the following information:
(i) If a disclosure is provided for
the covered loan pursuant to Regulation Z, 12 CFR 1026.19(f), the
amount of total loan costs, as disclosed pursuant to Regulation Z,
12 CFR 1026.38(f)(4); or
(ii)
If the covered loan is not subject to the disclosure requirements
in Regulation Z, 12 CFR 1026.19(f), and is not a purchased covered
loan, the total points and fees charged in connection with the covered
loan, expressed in dollars and calculated pursuant to Regulation Z,
12 CFR 1026.32(b)(1).
(18) For covered loans subject to the disclosure requirements in
Regulation Z, 12 CFR 1026.19(f), the total of all itemized amounts
that are designated borrower-paid at or before closing, as disclosed
pursuant to Regulation Z, 12 CFR 1026.38(f)(1).
(19) For covered loans subject to the disclosure
requirements in Regulation Z, 12 CFR 1026.19(f), the points paid to
the creditor to reduce the interest rate, expressed in dollars, as
described in Regulation Z, 12 CFR 1026.37(f)(1)(i), and disclosed
pursuant to Regulation Z, 12 CFR 1026.38(f)(1).
(20) For covered loans subject to the disclosure
requirements in Regulation Z, 12 CFR 1026.19(f), the amount of lender
credits, as disclosed pursuant to Regulation Z, 12 CFR 1026.38(h)(3).
(21) The interest rate applicable
to the approved application, or to the covered loan at closing or
account opening.
(22) For covered
loans or applications subject to Regulation Z, 12 CFR part 1026, other
than reverse mortgages or purchased covered loans, the term in months
of any prepayment penalty, as defined in Regulation Z, 12 CFR 1026.32(b)(6)(i)
or (ii), as applicable.
(23) Except
for purchased covered loans, the ratio of the applicant’s or borrower’s
total monthly debt to the total monthly income relied on in making
the credit decision.
(24) Except
for purchased covered loans, the ratio of the total amount of debt
secured by the property to the value of the property relied on in
making the credit decision.
(25) The scheduled
number of months after which the legal obligation will mature or terminate
or would have matured or terminated.
(26) The number of months, or proposed number of months in the case
of an application, until the first date the interest rate may change
after closing or account opening.
(27) Whether the contractual terms include or would have included
any of the following:
(i) A balloon payment as defined in Regulation Z, 12 CFR 1026.18(s)(5)(i);
(ii) Interest-only payments as
defined in Regulation Z, 12 CFR 1026.18(s)(7)(iv);
(iii) A contractual term that would
cause the covered loan to be a negative amortization loan as defined
in Regulation Z, 12 CFR 1026.18(s)(7)(v); or
(iv) Any other contractual term that
would allow for payments other than fully amortizing payments, as
defined in Regulation Z, 12 CFR 1026.43(b)(2), during the loan term,
other than the contractual terms described in this paragraph (a)(27)(i),
(ii), and (iii).
(28)
The value of the property securing the covered loan or, in the case
of an application, proposed to secure the covered loan relied on in
making the credit decision.
(29)
If the dwelling related to the property identified in paragraph (a)(9)
of this section is a manufactured home and not a multifamily dwelling,
whether the covered loan is, or in the case of an application would
have been, secured by a manufactured home and land, or by a manufactured
home and not land.
(30) If the dwelling
related to the property identified in paragraph (a)(9) of this section
is a manufactured home and not a multifamily dwelling, whether the
applicant or borrower:
(i) Owns the land on which it is or will be located or, in the case
of an application, did or would have owned the land on which it would
have been located, through a direct or indirect ownership interest;
or
(ii) Leases or, in the case
of an application, leases or would have leased the land through a
paid or unpaid leasehold.
(31) The number of individual dwelling units related to the property
securing the covered loan or, in the case of an application, proposed
to secure the covered loan.
(32)
If the property securing the covered loan or, in the case of an application,
proposed to secure the covered loan includes a multifamily dwelling,
the number of individual dwelling units related to the property that
are income-restricted pursuant to Federal, State, or local affordable
housing programs.
(33) Except for
purchased covered loans, the following information about the application
channel of the covered loan or application:
(i) Whether the applicant or borrower
submitted the application for the covered loan directly to the financial
institution; and
(ii) Whether
the obligation arising from the covered loan was, or in the case of
an application, would have been initially payable to the financial
institution.
(34) For
a covered loan or application, the unique identifier assigned by the
Nationwide Mortgage Licensing System and Registry for the mortgage
loan originator, as defined in Regulation G, 12 CFR 1007.102, or Regulation
H, 12 CFR 1008.23, as applicable.
(35) (i) Except for purchased covered
loans, the name of the automated underwriting system used by the financial
institution to evaluate the application and the result generated by
that automated underwriting system.
(ii) For purposes of this paragraph (a)(35), an “automated underwriting
system” means an electronic tool developed by a securitizer, Federal
government insurer, or Federal government guarantor of closed-end
mortgage loans or open-end lines of credit that provides a result
regarding the credit risk of the applicant and whether the covered
loan is eligible to be originated, purchased, insured, or guaranteed
by that securitizer, Federal government insurer, or Federal government guarantor.
A person is a securitizer, Federal government insurer, or Federal
government guarantor of closed-end mortgage loans or open-end lines
of credit, respectively, if it has ever securitized, provided Federal
government insurance, or provided a Federal government guarantee for
a closed-end mortgage loan or open-end line of credit.
(36) Whether the covered loan is, or
the application is for, a reverse mortgage.
(37) Whether the covered loan is, or the
application is for, an open-end line of credit.
(38) Whether the covered loan is, or the
application is for a covered loan that will be, made primarily for
a business or commercial purpose.
