Compliance Action, Volume 22, Number 16
Truth in Lending is designed to call the consumer's attention to that fact that borrowing money costs money. It does that by disclosing the key elements of the cost of borrowing the consumer should consider. Changes in mortgage disclosures have blurred the lines between costs of settlement and costs of credit.
Real estate sales and mortgage settlements involve an array of parties, big and little, to take all the steps required to complete the transaction. These parties also represent a wide diversity of regulators, many with agendas unrelated to RESPA.
We have compiled key compliance thresholds triggering coverage or exclusion from various rules and regulations to consider when planning your 2018 policies and procedures.
In the Editor's Opinion
Will Compliance Ever Stop Changing?
As we head into the New Year, one thing is certain: change is inevitable in the world of regulatory compliance. It's the nature of the beast in our profession.
Compliance Q & A
- Correcting Insurance Premium on Closing Disclosure
- Written Service Provider List
- Recording Mobile Home Lien Fees
A group of state attorneys general have expressed their support of the CFPB and its mission, but have their doubts about the agency's interim leader.
- Patti Blenden
- Executive Editor:
- Lucy H. Griffin, Esq.
- Board of Advisors:
- John S. Byrne, Esq.
Cliff E. Cook
Julia A. Gliha, MBA
Michael D. Maher
Carl G. Pry
Robert G. Rowe, III, Esq.