What you need to know about changes to the mortgage closing process
05/04/2015 | Author: Editorial Staff
New rules from the Consumer Financial Protection Bureau are going into effect October 3. These changes will have a big impact your clients’ closing documents and procedures.
To fully understand what’s changing, you can read 1,988 pages of federal regulations or take advantage of the following resources from TAR:
- Read this article in the May issue of Texas REALTOR® magazine. It pares down the regulations and explains what you need to know to serve your clients.
- Watch the latest Texas REALTOR® Magazine Minute. This quick video focuses on the major changes and give you a big-picture view.
- Attend TAR's webinar about the new lending laws on May 28 at 2 p.m. CDT. Attorney Dawn Moore, president of the Texas Land Title Association, will go in depth about the changes and what they mean for lenders, REALTORS®, and clients.
The Texas Association of REALTORS® will continue to provide updates between now and October 3 to ensure that your closings go smoothly.
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