NATIONAL ASSOCIATION OF REAL ESTATE BROKERS, INC. UPDATE: TILA-RESPA
What is Changing? In a nutshell, the new rules consolidate four existing documents into two new disclosures. The early TILA disclosure and traditional good faith estimate will be combined into a new disclosure called the Loan Estimate, and the final TILA disclosure and HUD-1 settlement statement will be consolidated into a new disclosure called the […]
FDIC and five other agencies issue final rule implementing minimum requirements for Appraisal Management Companies
The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency and the Federal Housing Finance Agency have issued a final rule that implements minimum requirements for the registration and supervision of appraisal management […]
