Document Systems, Inc. ("DSI") receives numerous requests from DocMagic customers asking how we arrive at our high cost determinations. In an effort to better explain our calculations, we publish detailed information regarding our calculations online.
The Federal Section 32 information is useful, not only because it explains our Section 32 calculations, but also because a number of states have adopted high cost provisions that simply track Section 32 in terms of how high cost home loans are defined. Those states include, for example, Maine, Nevada and Ohio.
Summary and Specific States Listed Below
Predatory Lending Update and Summary
neIf you have any questions regarding any of the information relating to predatory lending, please contact DocMagic's Compliance Department at (800) 649-1362.