truth in lending rules: Truth in Lending Changes Could Impact Massachusetts Home Buyers - 09/13/09 12:59 PM
Home buyers in Massachusetts should be aware of recent changes to The Truth in Lending Act.  TILA or Regulation Z was originally put into place to require all lenders to provide full disclosure of all of the terms of a mortgage loan. 
As of July 30, 2009 changes to these regulations will have an impact on lenders and could possibly affect loan processing timeframes. Some are estimating that the minimum time for obtaining a new mortgage may be extended to two months or more. 
The new rules, designed to provide more protection to the borrowing public, are a bit complicated in … (3 comments)

 
Claudette Millette, Buyer, Broker - Metrowest Mass (The Buyers' Counsel) Rainmaker large

Claudette Millette

Buyer, Broker - Metrowest Mass

Ashland, MA

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The Buyers' Counsel

Address: 27 Thomas Street, Ashland, MA, 01721

Office: (508) 881-6230

Fax: (866) 285-8349

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