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The regulatory spotlight has been on federal initiatives, particularly since the Dodd-Frank Act came on the scene. DFA promises a slew of new regulation, but it also establishes that federal consumer protection laws are just the floor. State regulators can set more stringent laws—in certain circumstances.
For their part, state regulators continue to take individual actions. But coordinated efforts among the states have increased in recent years and Dodd-Frank mandates that the Consumer Financial Protection Bureau work with its state counterparts. All of this collaboration may allow you to create procedures and systems that withstand compliance scrutiny across jurisdictions.
Learn the latest developments in state mortgage initiatives in this new guide from Inside Mortgage Finance. You’ll have exclusive details from state regulators on two of their top priorities: loan originator compensation and quarterly reporting of mortgage activity. You’ll also find compliance advice from industry attorneys.
Order your copy and find out what’s expected of you: the importance of documentation, advice and suggestions, state vs. federal regulations and cooperation, activities of attorneys general, permitted and non-permitted LO compensation, safe harbor, gray areas of compliance, examinations, penalties and much more from experts in the subjects.
Section Highlights
Multi-State Mortgage Committee
Interplay with Federal Regulators
Federal Rules on Loan Originator Compensation
| State Guidelines on Loan Originator Compensation
NMLS Mortgage Call Reports
Appendix |