Volume 25 - Number 3
February 3, 2014
No Need to Reinvent the Wheel To Comply with New Disclosures
As mortgage lenders begin preparing for the new mortgage disclosure regime being instituted by the CFPBs final rule, they should revisit lessons learned during their previous adventures with the Truth in Lending Act and the Real Estate Settlement Procedures Act. RESPA reform from January 1, 2010, is still close in many of our minds, and we remember back to 09 being a year that we spent a massive amount of time implementing that new regulation, said Amy Thoreson Long, senior counsel in the consumer lending division at Wells Fargo. Then in 2010...
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