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This Manual provides a comprehensive discussion of the federal and California laws and regulations governing residential mortgage lending. The text of the Manual is 1,092 pages, plus 118 pages of appendixes. Each topic includes a discussion of the types of entities that are subject to the regulatory requirements and the types of mortgage loan products that are subject to those requirements.
The topics covered include:
- TILA-RESPA Integrated Disclosures (TRID) – TRID Fundamentals, Loan Estimate, Closing Disclosure, and Escrow Closing Notice
- Real Estate Settlement Procedures Act and Regulation X – including mortgage servicing requirements; RESPA Section 8 which prohibits kickbacks and referral fees; and the administration of escrow (impound) accounts
- Mortgage servicing requirements under Regulation Z (TILA) and Regulation X (RESPA)
- Flood insurance regulations, including private flood insurance rules and a discussion of many of the proposed interagency flood insurance Q&As
- Home Mortgage Disclosure Act and Regulation C, which provides a thorough discussion of the amended Regulation C data collection and reporting requirements, including the data collection and reporting exemptions for small-volume lenders
- Fair Housing Act and the federal banking agencies’ fair housing regulations
- SAFE Act regulations
- Appraisal regulations and the Interagency Appraisal and Evaluation Guidelines
- Advertising rules for residential mortgage loans
- Miscellaneous California mortgage lending laws and regulations discussing 36 separate topics
- Miscellaneous federal laws and regulations covering 19 separate topics
- Legal and compliance issues associated with brokering mortgage loans
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Compliance Companion
Compliance Companion® is a one-stop regulatory compliance resource for financial institutions.
This online compilation of 19 industry-leading compliance manuals, including this SPM #08, Mortgage Lending Compliance, takes the legalese out of federal and California laws and regulations, making it easier to understand and keep up with ongoing compliance developments.
Published by Aldrich & Bonnefin, PLC, Compliance Companion® has many useful features including search capabilities, links to
internal cross-references and web-based sources, as well as samples of dozens of forms, disclosures and notices.
This compliance resource can also be accessed from your mobile device, making it faster and easier to get the latest information on federal and
California laws and regulations governing financial institutions.
For information regarding online subscriptions to Compliance Companion®, contact
info@bankerscompliancegroup.com or call 949-553-0909.
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