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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... |
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truth in lending disclosure related definitions |
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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... |
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More about truth in lending disclosure ADHD - Its a Wonderful Life Credit Card Company Tricks Lake In The Hills Illinois Real Estate Exile on Main Street - Honoring Women in the Time of Alone William Butler Yeats The Truth About Shopping for Mortgage Rates Negotiating the Sale of Your Home Mortgage Loans All About Predatory Mortgage Lending Questions and Affirmations - The Art (and Science) Of Talking To Yourself
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