Proposed Rule to Enhance Consumer Protections and Disclosures for Home Mortgage Transactions

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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 proposed rule to enhance consumer protections and disclosures for home mortgage transactions.

Previous client alerts addressed the Board’s other four issuances.

Please see full publication below for more information.

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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.

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