Want to know why getting a home loan can be so painful? Here is a list of what regulations banks and lenders must comply with: HUDs Reg. X (RESPA), Reg. Z (Truth in Lending), Fair Lending Reg. B (ECOA), Reg AA (Unfair, Deceptive, and Abusive Acts & Practices - UDAAP, Reg. N (Mortgage Acts and Practices - Advertising), Home Owners Protection Act (HOPA), Reg. C (home Mortgage Disclosure Act - HMDA), Fair Credit Reporting (FCRA), Fair & Accurate Credit Transactions Act (FACTA), Reg CC (Expedited Funds Availability), Servicemembers Civil Relief Act (SCRA), Flood Disaster Protection Act, CAN-SPAM Act, Reg. P (Privacy of Consumer Financial Information - Right to Privacy, Gramm-Leach-Bailey Act), Reg. BB (Community Reinvestment Act (CRA), Secure and Fair Mortgage Enforcement (SAFE Act - CFPB Reg. G), Electronic Signatures in Global and National Commerce (E-SIGN Act), Reg. E (Electronic Funds Transfer), Reg. O (Credit to Insiders), Reg. DO (Truth in Savings - TIS), Reg. D (Reserve Requirements), Reg. GG (Internet Gambling), and Reg. M (Consumer Leasing) Want a secure job? Become a compliance officer with a bank.
Posted on: Fri, 25 Apr 2014 15:02:19 +0000
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