Fed Proposes to Conform HERA Early Disclosures with TILA Rules
December 15, 2008
The Federal Reserve last week sought comment on a proposal to conform portions of obscure revisions to Truth in Lending Act disclosures embedded in this summer’s omnibus housing law – changes that are likely to add more confusion to a mortgage compliance world already in flux. The Mortgage Disclosure Improvement Act, which amends the Truth in Lending Act, was baked into...