Easier-To-Understand Mortgage Disclosures Benefit Consumers and Community Associations

It is often difficult to decipher all of the information and terms on a mortgage loan disclosure. Yet with a signature, they bind us far into our futures. On October 3, 2015, those disclosure requirements changed for the better. They have been simplified so that mortgage terms will be easier to understand for consumers. Likewise, regulations affecting the reporting of community association fees and charges have been relaxed so that lenders can rely on several different sources to compile the information needed for disclosing community association fees and charges.      Read the article…………



Related Articles

MS: Northbay ban on rentals upheld – Other neighborhoods could be affected by Madison Co. ruling

A Madison County Chancery Court ruling has affirmed a Madison neighborhood’s legal authority to ban rental houses. The decision, handed

Conflicts of Interest (IL)

The Illinois Condominium Property Act (the “Condominium Act”) does not provide complete guidance on when a board decision may be

Mount Pleasant I’On developers (SC) ordered to pay $1.75 million to property owners

A Charleston County jury has ordered that the developers of the I’On neighborhood to pay $1.75 million because they sold