Q: What information goes on the Loan Estimate form – page 1?
A: Page 1 of the Loan Estimate includes general information, a Loan Terms table with descriptions of applicable information about the loan, a Projected Payments table, a Costs at Closing table, and a link for consumers to obtain more information at a website the Bureau maintains. (§§ 1026.37(a), (b), (c), (d), and (e))
Page 1 of the Loan Estimate includes the title “Loan Estimate” and the statement “Save this Loan Estimate to compare with your Closing Disclosure.” (§§ 1026.37(a)(1) and (a)(2)). The top of page 1 also includes the name and address of the creditor. (§ 1026.37(a)(3)). A logo or slogan can be used along with the creditor’s name and address, so long as the logo or slogan does not exceed the space provided for that information. (§ 1026.37(o)(5)(iii))
If there are multiple creditors, use only the name of the creditor completing the Loan Estimate. (Comment 37(a)(3)-1). If a mortgage broker is completing the Loan Estimate, use the name of the creditor if known. If not yet known, leave this space blank. (Comment 37(a)(3)-2)