- Business Rules
For the Total Interest Percentage (TIP) calculation, is the loan amount the same as the Amount Financed or the Total Loan Amount?The TIP is a percentage of the amount of credit extended which would correspond to the Note Amount. Amount Financed is a defined term in Regulation Z, and has its own calculation and meaning.
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here