BACKGROUND
On August 16, 2010, the Federal Reserve Board (“Board”) issued two proposed rules and three final rules governing federal Truth-in-Lending Act (“TILA”) requirements for residential mortgage loans. This Client Alert summarizes the Board’s final rule that requires a disclosure relating to the acquisition of legal title to a mortgage loan.
Later Client Alerts will address the Board’s remaining proposal and final rule.
Please see full publication below for more information.