HERA Amends the Truth in Lending Act

New changes to the loan process that could affect borrowers. New changes in regards to the timing of the Truth in Lending (TIL) statement are effective beginning July 30, 2009 on all new mortgage applications.  A TIL is designed to help borrowers as well as addresses the timing of when fees can be charges. The … Continue reading HERA Amends the Truth in Lending Act