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Starting on July 30, all mortgage lenders will be subject to new disclosure requirements for residential mortgage loans under the Federal Reserve Board Truth in Lending Regulation Z. The new rules are very complex, and compliance will be challenging for mortgage lenders. As REALTORS®, you need to learn the basics so you can advise your clients of the likely delays stemming from the requirements. Click here for information: https://www.wellsfargo.com/downloads/pdf/mortgage/HERA_HOEPA_Retail_FINAL_E.PDF
