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Start gearing up now for disclosure changes
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Regulatory Updates
Tuesday, May 13, 2014
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Next year, business practices will change dramatically and lenders and title agents will have to work even closer together to close real estate transactions. This is all because in August, they will be required to issue new Loan Estimate forms and Closing Dsclosure forms.
While Aug. 1, 2015, may seem a long way off, there are numerous things title industry members can — and should — begin doing to prepare for the changes. At recent industry events, industry experts not only walked through the new forms, but discussed some of those steps agents can take now to be ready for them.
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