Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about truth in lending disclosure: | |||||||||||||||||||||||
Disclosure Rules on Mortgage Assumptions
February 19, 2001 "When I purchased my home two years ago, I assumed the mortgage of the seller. Recently I applied to refinance, and was told that I had to pay a $5,000 prepayment penalty. The loan documents I was given ... more... Disclosure Rules on Adjustable Rate Mortgages August 5, 2002, Revised October 14, 2005 Adjustable rate mortgages (ARMs) pose the greatest challenge to a disclosure system because of their complexity, the wide array of different types, and the frequency with which they mutate. New types of ARMs appear frequently, and old types ... more... |
|||||||||||||||||||||||
truth in lending disclosure related definitions |
|||||||||||||||||||||||
Truth-In-Lending, TILA
Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more... Equal Credit Oportunity Act Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... |
|||||||||||||||||||||||
More about truth in lending disclosure Real Estate Stories that Show You How! The Typology of Financial Scandals 7 Ways to Get to the Truth: When the Sale Disappears A History of Money and Banking Secrets That Banks Don't Want Published MLM Training- The Smartest People in the Room and Network Marketing Grants, Loans, "Free" Credit Cards And Credit Repair: The Whole Truth And Nothing But The Truth Why Pastor Left the Church The US Dollar Is Not Weak How to Spot and Avoid Predatory Lending What Homeowners Should Know to Stop Foreclosure- Speaking Your Lender's Language
|
|
||||||||||||||||||||||
|