Quarterly Report: Mississippi Regulatory Compliance Group - August 2012, Vol. 23, No. 3


In This Issue:

CFPB Proposes New Mortgage Disclosures Forms; Making Sense Out of HOEPA; Six (6) Additional CFBP Rulemakings Pending; Lessons To Be Learned from Capitol One; NFIP Extension Makes Big Changes; Mississippi Mortgage Servicing Requirements; Mississippi Law Update; MRCG Quarterly Meeting to be Held on August 16, 2012; MRCG Compliance Calendar; and, Examples of Proposed Forms.

Excerpt from CFPB Proposes New Mortgage Disclosure Forms:

On July 9, 2012, the CFPB issued its proposed rule creating new mortgage loan disclosure forms. These forms, when finalized, will replace the current disclosure forms given to borrowers under the Truth in Lending Act ("T1LA") and the Real Estate Settlement Procedures Act ("RESPA"). The first of these forms, given shortly after a borrower submits an application, is called the "Loan Estimate." And the second disclosure form, given prior to the actual closing of a loan, is called the "Closing Disclosure." (Examples of these proposed forms appear at the end of this newsletter.)...

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Butler Snow LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.