A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.
The number of lenders offering reverse mortgages has more than doubled over the past year as reverse mortgages rise in popularity as financially unstable and cash-strapped seniors seek more creative methods to access cash. Investigators with the Government Accountability Office found counseling sessions for the FHA-backed Home Equity Conversion Mortgage (a reverse mortgage) were often [...]
This article examines the recent changes to the Truth-in-Lending Act (TILA), also known as Regulation Z, and digests proposed future changes. 11/24/2009: Updates appear in blue. The purpose of the act The Truth-in-Lending Act (TILA), also known as Regulation Z (Reg Z), was originally enacted in 1968 to protect consumers by providing greater transparency by [...]
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This article discusses a broker’s or his agent’s use of finders to provide them with leads to sellers, buyers, or borrowers under California and federal law.
This chapter analyzes redundant charges imposed on buyers and sellers for the basic services necessarily rendered by lenders, escrow companies and title insurance companies to earn the primary fee they charge. The hidden costs surrounding a loan A homebuyer’s obligation to close escrow on a purchase agreement is typically conditioned by a contract provision requiring [...]
A look at the legislation affecting real estate enacted during the 2008 Legislative Session.
Featuring existing and proposed DRE regulations of import.
A look at the legislation affecting real estate enacted during the 2007-2008 Legislative Session.
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