% t  x#0e0e?Rectangle 3 `p  A loan originator shall not direct or  steer a consumer to consummate a transaction based on the fact that the originator will receive greater compensation from the creditor in that transaction than in other transactions the loan originator offered or could have offered, unless the consummated transaction is in the consumer s interestR R RH t 0޽h ? }ff80___PPT10.tj"9 0N0 `X`x(  x x l@Q?6Slide Number Placeholder 4` `  l* C   ~ x  xd^0e0e?Rectangle 2  `   \Steering  Safe Harbor 226.36(e)(2) and (e)(3)(/  / x  x\_0e0e?Rectangle 3 `p  ETo come within the steering safe harbor, the loan originator must: Present the consumer with loan options for each type of transaction in which the consumer has expressed an interest, Obtain the loan options from a significant number of creditors with which the originator regularly does business, and Have a good faith belief that the loan options presented are loans for which the consumer likely qualifies.zD Zu Z Zw Z Zl ZAZ H x 0޽h ? }ff80___PPT10.W@-O"9 0 /'|(  | | l?6Slide Number Placeholder 4` `  l* C   = |  x0e0e?Rectangle 2  `   q#Steering - Safe Harbor 226.36(e)(2) $   $! |  x0e0e?Rectangle 3 `p  UType of transaction refers to whether: A loan has annual percentage rate that cannot increase after consummation (Fixed) A loan has an annual percentage rate that may increase after consummation (Variable) A loan is a reverse mortgage <'   ' H | 0޽h ? }ff80___PPT10.@"m9 0N0 E(    l|?6Slide Number Placeholder 4` `  l* C   f   x0e0e?Rectangle 2  `   LSteering  Safe Harbor 226.36(e)(3)(i) '  '~   x,0e0e?Rectangle 3 `p| XP___PPT92*  RLoans options must include the loan with: the lowest interest rate the lowest interest rate without risky features the lowest total dollar amount for origination points/fees and discount points R*%   * H  0޽h ? }ff80___PPT10.YP="$9 0 |(    l@?6Slide Number Placeholder 4` `  l* C   b   x0e0e?Rectangle 2  `   HSteering - Safe Harbor 226.36(e)(3)-1 & 2 Official Staff Interpretations I 2 IQ   x0e0e?Rectangle 3 `p  Must obtain loan options: from a significant number of creditors Three with which the loan originator regularly does business Written agreement One loan in the past month, or 25 loans in the past year  )  8 L  L  H  0޽h ? }ff80___PPT10.@&c"9 0 +#(    lF?6Slide Number Placeholder 4` `  l* C   =   xdI0e0e?Rectangle 2  `   q#Steering - Safe Harbor 226.36(e)(3) $   $   xT0e0e?Rectangle 3 `p  QMust have a good faith belief that options presented are loans for which the consumer likely qualifies (based on available information) Must highlight the loans that satisfy the criteria of the safe harbor if providing more than 3 options4 Z Zg Z H  0޽h ? }ff80___PPT10.` -"9  0 c[(    lp?6Slide Number Placeholder 4` `  l* C      x@0e0e?Rectangle 2  `   JSteering   |   x40e0e