Consumer Financial Protection Bureau: REPSA, TILA & New Rule
For more than 30 years, Federal law has required lenders to provide two different disclosure forms to consumers applying for a mortgage. The law also has generally required two different forms at or shortly before closing on the loan. As of October 3rd the Dodd-Frank Act has directed the Consumer Financial Protection Bureau to integrate the mortgage loan disclosures under TILA and RESPA sections 4 and 5.
Total Credits: 2.00 | Areas of Professional Practice: 2.00
- September 24, 2015
- Online On-Demand