ConformX provides an option to not disclose a final payment of the loan amount for forgivable loans with no monthly loan payments. ConformX now provides enhanced handling of the Closing Disclosure Total of Payments for forgivable loans with no monthly loan payments.
Previously, the field “Closing Disclosure Total of Payments” (FI 100473) was set to $0 when both of the following were true:
Background
Under the TRID rule, the Total of Payments disclosed on the Closing Disclosure (Cx18566) must reflect “the total the consumer will have paid after making all payments of principal, interest, mortgage insurance, and loan costs, as scheduled.” [12 CFR § 1026.38(o)(1)]
For forgivable loans where no final payment of the loan amount is disclosed, the total of all consumer-scheduled payments is composed of:
The D. TOTAL LOAN COSTS value is stored in “Fee Section D Borrower (or All) Total” (FI 82332).
Update Details
Instead of being set to $0, “Closing Disclosure Total of Payments” (FI 100473) will now be set to “Fee Section D Borrower (or All) Total” (FI 82332) when:
A global standard value field mapping already exists for the analogous field “Total of Payments in 5 Years (Rounded)” (FI 95485), which sets it to “Fee Section D Borrower (or All) Total Rounded” (FI 95489) for these loan types.
This change is available for testing on Stage and Stage 2 servers and will take effect on October 29, 2025. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
T3S-23424