Latest Compliance - TILA Topics

Signed TIL Missing from Credit File

03/12/2007

We have a non-RESPA Auto Loan under 25,000.00. The credit file is missing the signed final TIL. Is this a Reg Z violation and should we redisclose?

Readability Standards For "Clear and Conspicuous" Display

05/22/2006

Are there any specific size/readability requirements relative to disclosures for Member FDIC,Equal Housing Lender Logos, and, if applicable, disclosures relative to TISA or TILA on billboards? I'm having difficulty understanding what is meant by "clear and conspicuous standards" and am interested in knowing if there are standards for the readability of these disclosures? Is there an industry practice relative to inches of fonts (regardless of the size of the billboard)?

Re-disclosure By Wholesale Mortgage Lender

12/05/2005

Does a wholesale mortgage lender need to re-disclose under Reg Z and TILA to a borrower who has already received these disclosures from a mortgage broker?

FACT Act Negative Notice Disclosure

08/15/2005

Our Loan processor has added the capability to print out the FACT Act Negative Notice Disclosure with the new loan paperwork. The Negative Notice is a separate document. My concern is the Notice would be considered being included in the initial disclosures. I understand that the Negative Notice could not be provided with the initial disclosures under the Truth in Lending Act.

What Fees are Marked as Prepaid

01/03/2005

Of all the settlement fees that can be found on a HUD and GFE, which ones should be marked as a prepaid finance charge? Or, if it's easier, what shouldn't be marked as a prepaid finance charge?

Add "V" to Your Regulatory Alphabet - Mary Beth Guard

08/23/2004

Who Are Americans?

02/01/2004

High Cost Loans: HMDA v. Truth in Lending

11/01/2003

Looking for a Reg Z Flowchart

10/06/2003

Do you have, or know where I can download, a "flow chart" which shows the coverage for Regulation Z?

Does ROR Apply To Each CoOwner?

08/18/2003

I need clarification on a age old rescission question. Wife is borrower on loan, she lives in home, ownership is in both the wife's and husband's names. Husband does not live in the residence (he has his own principal residence). Husband is not on the note, however he did sign the security agreement. Would the husband have the right to rescind? I am a little confused because I have seen a Reg Z article that states "Each person with an ownership interest has the right to rescind even if all the owners don't live in the house."