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Integrated Mortgage DisclosureGLOSSARY OF TERMS
AIR: Adjustable Interest Rate
Amount Financed: The loan amount available after payment of
the upfront charges.
AP: Adjustable Payment
APR: Annual Percentage
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What is form upfront charges?
Form upfront charges is a document used to report any fees or charges that are required to be paid before a service is provided.
Who is required to file form upfront charges?
Businesses or individuals who collect upfront charges or fees are required to file form upfront charges.
How to fill out form upfront charges?
Form upfront charges can be filled out by providing details of the charges collected, the purpose of these charges, and the amount collected.
What is the purpose of form upfront charges?
The purpose of form upfront charges is to ensure transparency and disclosure of any fees or charges that are collected upfront.
What information must be reported on form upfront charges?
On form upfront charges, information such as the amount of charges collected, the purpose of these charges, and the date of collection must be reported.
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