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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 |
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