Financing founder that satisfies (e)(2) can be regarded as to help you conform to (e)(1)
step one. Safe harbors. That loan maker that does not meet (e)(2) is not susceptible to one presumption about your originator’s compliance otherwise noncompliance having (e)(1).
dos. Lowest quantity of mortgage solutions. To find the secure harbor, (e)(2) necessitates that the borrowed funds inventor expose mortgage selection you to definitely meet with the criteria inside the (e)(3)(i) for each sorts of deal where in fact the individual shown an attention. As required by the (e)(3)(ii), the mortgage founder need a good-faith religion the alternatives shown is money which the consumer almost certainly qualifies. Whether your mortgage founder is unable to setting such as for example a great good-faith trust to have loan choices you to definitely meet the requirements when you look at the (e)(3)(i) to possess certain kind of transaction, the loan originator could possibly get meet (e)(2) by the to present all of the finance by which the user more than likely qualifies and you may you to definitely meet up with the most other requirements during the (e)(3) for the considering sort of deal. A loan inventor will get present to the user a variety of loan selection, however, presenting a customer more than four financing alternatives for for each and every sort of deal where the user conveyed a destination and you will for which an individual more than likely qualifies won’t most likely boost the consumer build an important choice.