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Preparing for changes under the new mortgage disclosures Pt. 1
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Regulatory Updates
Monday, February 3, 2014
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It’s never too early to start preparing for major changes that will affect how you do business. This is especially true when it comes to implementing the new mortgage disclosures, which will take the place of RESPA and Truth in Lending Act (TILA) disclosures on Aug. 1, 2015.
With such dramatic changes on the horizon for both lenders and settlement service providers, Phil Schulman and Holly Spencer Bunting, partners in the Washington, D.C., office of K&L Gates, discussed the changes on a recent October Research LLC webinar, “Mortgage Disclosure Forms Training Webinar Part 1,” sponsored by WFG National Title Insurance Co.
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