Fed OK’s Final Mortgage Disclosure Rules

14 May 2009

The Federal Reserve has approved final rules that make the Mortgage Disclosure Improvement Act an amendment to the Truth in Lending Act.

The Federal Reserve has approved final rules that make the Mortgage Disclosure Improvement Act an amendment to the Truth in Lending Act. Under the revised rules of the MDIA, creditors must give good-faith estimates of mortgage loans costs within three business days after receiving an application for loan ...

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