This article was part of a recent broadcast on Real Estate Today. Real Estate Today is a radio show that is produced by the National Association of REALTORS® and broadcast in markets nationwide. The show is designed to open doors for buyers and sellers with critical and credible information on the real estate market. It’s [...]
Revised Truth In Lending Act Disclosure requirements now in effect
August 18, 2009 By Leave a Comment
Mortgage lenders will be subject to new disclosure requirements for mortgage loans under the Federal Reserve Board Truth in Lending Act (TILA) Regulation (Reg Z). The new requirements apply to loan applications filed on or after July 30, 2009 (about two months earlier than originally planned) are complex and compliance will be a challenge for [...]