Jump to main content

# What is the purpose of the 'High Priced Mortgage Loan' prompt on the Document Data page?

This prompt is used to indicate that the transaction is subject to higher-priced mortgage loan (HPML) requirements of Regulation Z (12 C.F.R. 1026.35). Select High Priced Mortgage Loan if HPML requirements apply. Unselect it to specify that the transaction is not a higher-priced mortgage loan. It is your responsibility to ensure that this prompt is correctly left blank or selected.

Refer to Regulation Z for detailed requirements. In summary, HPML requirements generally apply to any qualifying consumer loan that is secured by the consumer’s principal dwelling (for example, 1-4 unit residential real property or a manufactured home, among others). Certain loans are exempt from HPML requirements, even when secured by the consumer’s principal dwelling.