CFPB Seek Feedback on Home Mortgage Disclosure Act
Posted on 1/28/2016
The CFPB is seeking feedback on whether it needs to change its rules that determine when lenders must resubmit Home Mortgage Disclosure Act reports. 'We are seeking feedback from stakeholders on how best to ensure the accuracy and reliability of mortgage lending information,' CFPB Director Richard Cordray said in a press release last week. The CFPB released a seven-page request for information that challenges lenders to consider whether systemic errors should be treated differently, and if any omission of data automatically requires a correction and resubmission.
To view the request visit: http://files.consumerfinance.gov/f/201601_cfpb_request-for-information-regarding-home-mortgage-disclosure-act-resubmission.pdf
NDBA - North Dakota Bankers Association issued this content on 28 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2016 15:18:04 UTC
Original Document: http://www.ndba.com/news/detail.asp?newsID=410
