Truth in Lending Disclosure Statement - Document Skill

Extract data from Truth in Lending (TIL) Disclosure Statements — lender, borrower, interest rate, monthly payments, and settlement fees — for US mortgage loans.

The Truth in Lending Disclosure Statement skill extracts data from Truth in Lending (TIL) disclosure statements — the reports required under the Truth in Lending Act (TILA) that summarize a mortgage loan’s terms, including the lender, borrower, interest rate, monthly payments, and settlement fees (preliminary or final).

The Truth in Lending Disclosure Statement skill is a preview skill. It has been trained on a limited set of documents and is designed to help you quickly get started with processing Truth-in-Lending disclosure statements. For production use, you may need to uptrain the skill with your own document samples.

Countries and Languages

Countries	Languages
USA	English

Extracted Fields

Document Type

Field	Description
Preliminary	Specifies that preliminary mortgage terms are evaluated in the document.
Final	Specifies that final mortgage terms are evaluated in the document.

Basic Information

Field	Description
Date	The document registration date.
Loan Number	The loan identifier.
Lender Name	The name of the lending organization.
Lender Address	The address of the lending organization.
Borrower Name	The name of the borrower.
Borrower Address	The address of the borrower.
Co-Borrower Name	The name of the co-borrower.
Property Address	The address of the financed property.

Financial Terms

Field	Description
Annual Percentage Rate	The annual interest rate.
Finance Charge	The total cost of the mortgage loan, including the total interest and other charges.
Amount Financed	The amount loaned to the borrower.
Total of Payments	The total amount payable by the borrower to the lending organization (Finance Charge + Amount Financed).

Payment Schedule (Repeating Group)

Field	Description
Number of Payments	The number of payments.
Amount of Payments	The size of a single payment.
Payments Due	The payment due date.

Monthly Payment Details

Field	Description
Interest Rate	The mortgage interest rate.
Principal and Interest Payment	The monthly payment breakdown (into principal and interest parts).
Escrow (est. Taxes and Insurance)	The estimated amount required to cover monthly escrow charges.
Total est. Monthly Payment	The total estimated monthly payment.

Loan Features

Field	Description
Demand Feature	Specifies whether the lending organization is able to call the loan at any time before the due date.
Variable Rate Applicable	Specifies whether the interest rate is a variable interest rate.
Variable Rate Not Applicable	Specifies whether the interest rate is a variable interest rate.
Security Property Address	The address of the security property.

Late Charge Information

Field	Description
Late Charge Days	The number of days after which a late charge will be levied for an overdue payment.
Based on Overdue Payment	Specifies whether the amount levied for a late charge is based on the size of the overdue amount.
Based on Overdue Payment %	The percentage of the overdue amount that is charged by the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days).
Based on Overdue Payment of Principal and Interest	Specifies whether the late charge is based on the monthly principal and interest payment amounts (Principal and Interest Payment).
Based on Overdue Payment of Principal and Interest %	The percentage of the monthly payment (Principal and Interest Payment) payable by the borrower to the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days).
Based on Range	Specifies whether the late charge amount has to be within a specific range.
Based on Range Min	The minimum and maximum possible late charge amounts.
Based on Range Max	The minimum and maximum possible late charge amounts.

Conditional Charge

Field	Description
The Lesser	Specifies that the late charge will be equal to the lesser amount between (Default %) and (Threshold sum).
The Greater	Specifies that the late charge will be equal to the greater amount between (Default %) and (Threshold sum).
Equal To	Specifies that the late charge will be a fixed amount (Threshold sum).
Default %	If a different late charge amount is not specified, specifies the percentage of the unpaid amount that is payable by the borrower to the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days).
Threshold sum	If a different late charge amount is not specified, specifies the fixed amount payable by the borrower to the lending organization if the payment is not made in full by the end of the specified late period (Late Charge Days).

Additional Fees and Terms

Field	Description
Filing or Recording Fees	The mortgage loan filing and registration charges.

Prepayment

Field	Description
Penalty	Specifies whether there are additional charges for early repayment.
No Penalty	Specifies whether there are additional charges for early repayment.
Entitled to Finance Charge Refund	Specifies whether the borrower is entitled to a finance charge refund in case of early repayment.
Not Entitled to Finance Charge Refund	Specifies whether the borrower is entitled to a finance charge refund in case of early repayment.

Assumption

Field	Description
Not Allowed to Assume	Specifies whether the mortgage is an assumable mortgage.
May be Allowed to Assume	Specifies whether the mortgage is an assumable mortgage.

Property Insurance

Field	Description
Not Available	Specifies that the lending organization does not offer property insurance.
Available Through	The name of the organization providing the property insurance.
Insurance	The property insurance payment size.
Insurance Term	The property insurance payment term.

Key Fields

• Date
• Loan Number
• Borrower Name
• Co-Borrower Name
• Property Address
• Annual Percentage Rate
• Finance Charge

Validation Rules

Rule	Description
Demand Feature Checkmark Check	Sets the value of the Demand Feature checkmark depending on the text description.
Variable Rate Applicable Checkmark Check	Sets the value of the Variable Rate Applicable checkmark depending on the text description.
Variable Rate Not Applicable Checkmark Check	Sets the value of the Variable Rate Not Applicable checkmark: when the checkmark is missing from the form, depending on the text description.