(DOWNLOAD) "Escrow Requirements under Truth in Lending Act (Regulation Z) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)" by The Law Library ~ eBook PDF Kindle ePub Free
eBook details
- Title: Escrow Requirements under Truth in Lending Act (Regulation Z) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)
- Author : The Law Library
- Release Date : January 20, 2018
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 318 KB
Description
The Law Library presents the complete text of the Escrow Requirements under Truth in Lending Act (Regulation Z) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition).
Updated as of May 29, 2018
The Bureau of Consumer Financial Protection (Bureau) is publishing a final rule that amends Regulation Z (Truth in Lending) to implement certain amendments to the Truth in Lending Act made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Regulation Z currently requires creditors to establish escrow accounts for higher-priced mortgage loans secured by a first lien on a principal dwelling. The rule implements statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. The rule also exempts certain transactions from the statute's escrow requirement. The primary exemption applies to mortgage transactions extended by creditors that operate predominantly in rural or underserved areas, originate a limited number of first-lien covered transactions, have assets below a certain threshold, and do not maintain escrow accounts on mortgage obligations they currently service.
This ebook contains:
- The complete text of the Escrow Requirements under Truth in Lending Act (Regulation Z) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure
 "Escrow Requirements under Truth in Lending Act (Regulation Z) (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)" by The Law Library ~ eBook PDF Kindle ePub Free){kind=link}