Some changes just took effect this past Thursday, July 30. REALTORS should be aware of changes to timelines which could impact real estate transactions and your closings. If these timelines are not followed and closely watched, your closing may be delayed or worse yet, never happen! Please read the White Paper (linked below) for more valuable information on the new changes included in the Home Valuation Code of Conduct (”HVCC”), the Truth in Lending Act (”TILA”), the Home Ownership and Equity Protection Act (”HOEPA”) and Regulation Z.

A 6-page White Paper on these new rules and rule changes, authored by the TAR Legal & Ethics Hot Line Attorneys can be downloaded HERE.

[SOURCE: TAR's Legal & Ethics Hot Line Attorneys]