136 Calyx SoftwareDisclosures and other forms16 Click Calculate to populate the payment schedule and save the file.Completing the High Cost Loan Disclosure (Truth-In-Lending Section 32)When a transaction is subject to Regulation Z Section 32 disclosure requirements, youmust give borrowers the High Cost Loan Disclosure three business days prior toclosing.This screen is used to inform borrowers of the amount of the loan, the annual percentagerate, and their monthly payments.To complete the High Cost Loan Disclosure:1 Open a prospect or borrower file.2 Open the Truth-in-Lending (Section 32) screen from the Forms menu, theshortcut toolbar, or click the Section 32 button in the Truth-in-Lending screen.Most of the values on this form are prepopulated.3 Verify that the values are correct and save the file.State-specific disclosuresSeveral state-specific forms are provided with Point. These include:• Application Log (NY)• Brokerage Contract (FL)• CA Fair Lending Notice Disclosure (CA)• Lender Disclosure (FL)• Mortgage Broker Disclosure (TX)• Mortgage Loan Disclosure Statement (CA)• Pre-Application Disclosure (NY)Some of the state disclosure forms require no input, therefore, an interface is not providedfor those forms.With the exception of the MLDS, access the state disclosure forms that require input fromthe Forms > State Disclosures menu or the shortcut toolbar. Access the print-only formsfrom the Forms tab in the Borrower Forms dialog box.Access the MLDS directly from the Forms menu or the shortcut toolbar.Related information• Refer to Good Faith Estimate, on page 119, Borrower and prospectinformation screens, on page 151, and Chapter 5, Loan Application,for information about these screens.• For more information about the Initial Arm Disclosure andcompleting the Rate Adjustments and Payment Adjustmentssections, refer to Initial ARM Disclosure statement, on page 128.• For more information about calculating mortgage insurance, seeCalculating mortgage insurance, on page 170.• For more information about creating loan program templates, seeLoan program templates, on page 353.Related informationFor information about printing forms, refer to Printing and previewingforms, on page 86.
