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Loan Modification

: Mortgage Lender Implode-o-Meter

Federal Reserve posts new TILA and HOEPA fee triggers

By Implode-Explode Heavy Industries

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"The Federal Reserve Board has published its annual adjustment of the dollar amount of fees that triggers additional disclosure requirements under the Truth-in-Lending Act (TILA) and the Home Ownership and Equity Protection Act (HOEPA) of 1994 for home mortgage loans that bear rates or fees above a certain amount."

Full post as published by Mortgage Lender Implode-o-Meter on August 02, 2010 (boomark / email).

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