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#1723091 - 07/25/12 03:07 PM Assumptions and required disclosures
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
What disclosures (RESPA/TILA) are required for lender approved mortgage loan assumptions?

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Lending Compliance
#1723110 - 07/25/12 03:24 PM Re: Assumptions and required disclosures Many Hats
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,416
Bloomington, IN
Lender approved assumptions are covered by RESPA, Reg Z and HMDA.

All applicable RESPA and Reg Z disclosures would be required.

RESPA section 1024.5

Reg Z section 1026.20

Reg C (HMDA) section 1003.1
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The opinions expressed are mine and they are not to be taken as legal advice.

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