(e) The fresh arrangements on the part shall apply to individuals whom within the crappy believe attempts to prevent the applying of which area from the (i) isolating any mortgage transaction for the separate bits for the purpose and on purpose regarding evading this new provisions in the part, or (ii) all other particularly subterfuge.
(f) A loan provider into the an increase give home loan who, whenever acting in good-faith, fails to conform to this part, won’t be considered to own broken that it section if the lender kits you to possibly:
(1) In this 3 months of the mortgage closing and you can ahead of the institution of any action resistant to the bank not as much as that it section, the fresh borrower are notified of conformity incapacity, the lender tendered compatible restitution, the lending company provided, at the borrower’s option, either to help you (i) make the rate spread home loan comply with subsection (b) otherwise (c), or (ii) change the regards to the mortgage in ways advantageous to new debtor and so the loan will not meet the requirements an increase give financial at the mercy of the latest terms associated with area, and you can within this a good period of time adopting the borrower’s election off cures, the financial institution got appropriate action based on the borrower’s selection; otherwise