Contact Us
Subscribe to this blog via RSS
Join us on LinkedInArchives
Categories
- Fractional Investment
- Section 1031 transactions
- Investment
- U.S. Supreme Court
- Kentucky minimum wage
- Minimum wage
- Closing
- Closing Disclosure
- Good Faith Estimate
- HUD-1 Settlement Statement
- Lenders
- Truth in Lending Act
- “Know Before You Owe”
- Arbitration
- Breach
- Condemnation
- Home Equity Conversion Mortgages (HECMs)
- Reverse mortgages
- Zoning Regulations
- Dodd-Frank Act
- Mortgage
- Planning and Zoning
- Real Estate Law
- Commercial Real Estate
- Land Use Law
- Purchase Contract
- Affordable Housing
- Economic Development
- Landlord
- Lease
- Property Titling
- Rescission
- Same-Sex Couples
- Tenant
- URLTA
- Homeowners Association
- Deed
- Drones
- Land Surveys
- National Association of Realtors (NAR)
- plat
- Property Lines
- Property Survey
- Real Estate Agents
- Agritourism
- LBAR
- Rural Areas
- Trulia
- Zillow
- Condominium
- Horizontal Property Law
- Kentucky Condominium Act
- Overlay Zoning
- Steenrod v. Louisville Yacht Club Association
- Uncategorized
- Co-Signing
- Commercial Lease
- Deeds
- Emergency Preparedness
- Exclusive Use Clause
- Insurance Companies
- Insured
- KRS 383.500
- Loans
- Natural Disasters
- Title Insurance Policies
- Boards of Adjustment
- Conditional uses
- Emotional Support Animals
- ESIGN
- Federal Housing Administration (FHA)
- Multi-unit properties
- Occupancy Fraud
- Screening
- Servicers
- U.S. Department of Housing and Urban Development
- Variances
- "Right-of-Way Agents"
- Benningfield v. Zinmeister
- Bluegrass Pipeline
- Boilerplate Language
- Building Inspection
- Code Enforcement
- Consumer Financial Protection Bureau (“CFPB”)
- Credit Report
- Credit Score
- Dog owners
- Easement
- Eminent Domain
- FICO
- General Forms
- Homebuyers
- Inspection
- Kentucky landowners
- KRS §258.235(4)
- KRS §383.580
- Power of Attorney ("POA")
- Security Deposit
- The Loan Estimate form
- Truth in Lending Statement
- Zoning Ordinance Text Amendment
- Conservation Easement
Showing 4 posts in “Know Before You Owe”.
The New TILA-RESPA Integrated Disclosure Requirements
Farewell, HUD-1, we hardly knew ye. As of October 3rd, 2015, lenders will provide two integrated forms at specified intervals surrounding the closing date to comply with the provisions of both the Truth in Lending Act (“TILA”) and the Real Estate Settlement Procedures Act of 1974 (“RESPA”). The new forms are the result of provisions from Sections 1098 and 1100A of the Dodd-Frank Act meant to combine and simplify existing documents to make them easier for mortgagors to understand. More >
Lenders Take Note: CFPB Issues Guide to Forms
Big changes are in store for real estate closings in 2015 (we first wrote about it here). Now, lenders have some guidance from the Consumer Financial Protection Bureau (“CFPB”) as to how complete forms that will become mandatory in August 2015. More >
A New Beginning for Closings
Currently, under federal law, within three business days after receiving an application, mortgage lenders must deliver two different disclosures to the applicants: an early Truth in Lending Statement and a Good Faith Estimate. At closing, two more disclosures are required: a final Truth in Lending Statement and a HUD-1 settlement statement. Starting Aug. 1, 2015, that long-established process will change. The forms will be reduced to two and simplified so that consumers will be able to mortgage shop more easily and understand their mortgage terms and costs more thoroughly. More >
One Day Left to Share Your Comments about the Closing Process!
On January 3, the Consumer Financial Protection Bureau (“CFPB”) issued a notice and request for information in the Federal Register regarding the real estate closing process. Specifically, the CFPB is interested in knowing the consumer “pain points” associated with mortgage closing and how those pain points might be addressed by market innovations and technology. More >
