Finanse i konsumenci · 14/11/2013

HUD Issues Interpretive Rule for Homeownership Counseling List Requirements

The U.S. Department of Housing and Urban Development (HUD) has released an interpretive rule outlining data instructions for lenders to comply with the Homeownership Counseling Amendments to the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). The rule aims to facilitate lenders' use of a homeownership counseling list, which is required under the High-Cost Mortgage and Homeownership Counseling Amendments to TILA and RESPA.