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Untangling seller finance issues under Dodd Frank
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Regulatory Updates
Thursday, May 15, 2014
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The Dodd-Frank Wall Street Reform and Consumer Protection Act has changed the world of residential mortgage lending significantly and will continue to do so as the Consumer Financial Protection Bureau (CFPB) continues to issue its required rules and studies on the industry. One area of confusion regards seller financers. During Attorneys’ Title Fund Services LLC’s 50th Annual Assembly, Special Counsel for Governmental and Industry Relations R. Norwood Gay explained the new rules governing seller financing.
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