Tidewater Real Estate Blog

January 31st, 2011 1:31 PM
Regulation Z Takes Effect
Regulation Z, a monthly payment disclosure within mortgages, took effect on Jan. 30. Enacted by the Federal Reserve, it requires lenders to disclose how and when a loan's interest rate may change.

Lenders also now must provide an interest rate and payment summary in the form of a table instead of a payment schedule box.

Source: Housing Wire, Jason Philyaw (01/31/11)

Posted by Brad Nichols on January 31st, 2011 1:31 PMPost a Comment (0)

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