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#1162497 - 04/13/09 06:55 PM MDIA amends TILA effective 07/30/2009
donna.raisor Offline
Platinum Poster
Joined: Sep 2004
Posts: 554
My question is this: section 226.19(a)(1)(i)is this stating that we can not close a loan until the 7th business day after the early disclosures have been sent and no fees can be collected before hand except a credit report fee? Is this rule final?

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#1162510 - 04/13/09 07:03 PM Re: MDIA amends TILA effective 07/30/2009 donna.raisor
Bullseye Offline
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Bullseye
Joined: Jan 2004
Posts: 968
This was part of MDIA that was passed and is effective on 7/30/09. There is a proposal out to change Regulation Z to match MDIA that has not been finalized. There is a post in the lending forum stating this may become final the end of this month or early May. Check out that forum for more threads on this topic.

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