Sentences with phrase «penalty period where»

Not exact matches

At the end of each period, there is a ten - day window where the funds may be accessed without penalty.

For online accounts, the chief penalty is the period necessary for the Automated Clearing House to move funds from the online account to a physical bank where it can be accessed effortlessly.

However, there is a transition period from April 24 to May 5, 2017, where land registrations with any deficiencies relating to the PIPS5 Form will not incur penalties.

In such instances, a few insurance providers provide a lock - in period, where the policyholder can return the policy to the insurance company for no charge or penalty after a short span of time.

A large bank, a title insurance company, and settlement agent commenters recommended that a flexible waiver be available to consumers where the rule would trigger additional redisclosure waiting periods so the consumer could avoid the costs associated with a closing delay, such as the loss of a rate lock or penalties associated with a breach of a purchase agreement.

Third, as described above the final rule permits creditors to provide estimates where actual terms are not available, and where changes happen subsequent to the issuance of the Closing Disclosure only require a further three - day waiting period if there are certain significant changes to the terms, such as a change in the APR by more than 1/8 of 1 percent or 1/4 of 1 percent (based on the type of loan), the loan product changes, or there is an addition of a prepayment penalty.

[239] In addition, the final rule requires redisclosure with a new three - business - day waiting period in two circumstances not currently provided for in Regulation Z: where the loan product changes (§ 1026.19 (f)(2)(ii)(B)-RRB- and where a prepayment penalty is added (§ 1026.19 (f)(2)(ii)(C)-RRB-.