Yield Spread Premium Disclosure

Definition: The compensation paid by a mortgage lender to a mortgage broker for originating a loan at an interest rate above the lender's par rate. The premium compensates the broker for their services while increasing the borrower's interest rate.

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FL Yield Spread Premium Disclosure

FL YSP disclosure: federal law governs. TILA: APR reflects YSP cost. RESPA: Loan Estimate + Closing Disclosure. Dodd-Frank: clear originator compensation disclosure. FL Chapter 494: compliance required. Identify: Loan Estimate Section A (lender credits), APR vs. note rate gap, and ask directly. Compare multiple lenders. Recourse: TILA (damages + $4K + fees), RESPA (treble damages), FDUTPA (Section 501.204), and complaints to OFR/CFPB.

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Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC

Disclaimer: The information and opinions provided are for general educational, informational or entertainment purposes only and should not be construed as legal advice or a substitute for consultation with a qualified attorney. Any information that you read does not create an attorney-client relationship with Barnes Walker, Goethe, Shea & Robinson, PLLC, or any of its attorneys. Because laws, regulations, and court interpretations may change over time, the definitions and explanations provided here may not reflect the most current legal standards. The application of law varies depending on your particular facts and jurisdiction. For advice regarding your specific situation, please contact one of our Florida attorneys for personalized guidance.

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