Skip to content
BOL Conferences
Thread Options
#1607231 - 09/22/11 04:46 PM Billing Errors
LMP Offline
Member
Joined: Sep 2011
Posts: 74
For residential mortgage loans (not HELOC) where do I find what is required to be on the monthly statement, including any billing error notices.

Return to Top
Lending Compliance
#1607239 - 09/22/11 04:53 PM Re: Billing Errors LMP
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
The requirement for monthly billings on residential closed-end loans is part of the FDA and the regulations have not been promulgated at this point (unless your State law requires them).
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#1607331 - 09/22/11 06:00 PM Re: Billing Errors rlcarey
LMP Offline
Member
Joined: Sep 2011
Posts: 74
FDA?

Return to Top
#1607733 - 09/23/11 02:29 PM Re: Billing Errors LMP
LMP Offline
Member
Joined: Sep 2011
Posts: 74
What is FDA? Thanks

Return to Top
#1608267 - 09/23/11 09:29 PM Re: Billing Errors LMP
Chance Offline
Junior Member
Chance
Joined: May 2009
Posts: 38
Where it never rains!
I believe Randy is referring to the Frank-Dodd Act (FDA). Some refer to it in reverse as the Dodd-Frank Act.

Return to Top
#1608317 - 09/24/11 01:14 AM Re: Billing Errors Chance
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
OK - I was a little dyslectic on that one smile
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z