Comments Sought on Fed’s Proposed TILA Statutory Changes to Early Disclosure Rules for Mortgage Loans
December 11, 2008
The Federal Reserve Board is getting ready to implement an obscure change in mortgage disclosure laws buried in this summer’s housing act – but only part of the new requirements – adding further change to an already confusing pipeline of new mortgage compliance headaches. The Mortgage Disclosure Improvement Act, which amends the Truth in Lending Act, was baked into the mix with very little...