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Huizenga reintroduces points and fees legislation
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Legislative Developments
Wednesday, February 22, 2017
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House Financial Services Subcommittee Chairman Bill Huizenga (R-Mich.) reintroduced legislation that would clarify the definition of points and fees under the Truth in Lending Act. The legislation would adjust the Truth in Lending Act mortgage rules by exempting from the qualified mortgage cap on points and fees any affiliated title charges and escrow charges for taxes and insurance.
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