Regulation Z - 226.18 Update

Credit unions who grant closed end mortgage loans will need to update their Truth in Lending disclosure to include a tabular summary of the interest rate and a break out of the payment. Jody Dabrowski, MCUL & Affiliates Compliance Helpline Consultant explains the changes to the regulation and gives examples of the new requirement.

Uploaded on Dec 17, 2010

Tags: Jody Dabrowski, Reg Z, Truth In Lending