[Angie Cowell]

If you have a second mortgage loan that does not fall under the exemption of 1026.3(h) do you still need to show all the Estimated Taxes, Insurance & Assessments on page 1 of the LE? Also, do you need to complete the Prepaids section F on page 2? This is all appearing on the LE for the first mortgage but I see nothing that exempts this for a second mortgage.

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[rcooper]

If you have a second mortgage loan that does not fall under the exemption of 1026.3(h) do you still need to show all the Estimated Taxes, Insurance & Assessments on page 1 of the LE?

I see nothing in the regulation that says it is not required.

Also, do you need to complete the Prepaids section F on page 2? This is all appearing on the LE for the first mortgage but I see nothing that exempts this for a second mortgage. – See more at: https://mycomplianceresource.com/forums/topic/trid-2nd-mtg-loans/#sthash.LtzeL8FP.dpuf

As for the prepaids, from the language in the regulation it seems these would only be required to be disclosed if they are due before the first perioddic payment.

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