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Home » Store » News » Lenders Urged to Track Consumer Protection Bills

Lenders Urged to Track Consumer Protection Bills

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A host of consumer protection bills are now under consideration in a number of state legislatures. The Mortgage Bankers Association of America is urging lenders to study and monitor these bills. In New York, legislation was introduced which would require mortgage brokers to disclose to borrowers at or before the time of application the “amount, nature, and source” of all their compensation.
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