State Compliance Analysis & Commentary Enhancements
Table of Contents Comparison
Current Table of Contents
New Table of Contents
I.: Licensing and Registration Requirements I.: Licensing and Registration Requirements I.: Licensing and Registration Requirements I.A.: Mortgage Banker/Lender I.A.: Fees, Net Worth and Bond Requirements I.A.1.:Supervising Entity
I.A.1.: Fees I.A.2.: Exemptions
I.A.2.: Net Worth I.A.3.: Incidental/Occasional Business I.A.3.: Bonds I.A.4.: Fees (Initial, Renewal or Exemptions) I.B.: Licensee's Supervisor I.A.5.: Net Worth
I.C.: Exemptions I.A.6.: Bonds
I.D.: Denial, Suspension or Revocation of License I.A.7.: Education (Initial & Continuing) I.D.1.: Denial I.A.8.: Office Requirements
I.D.2.: Suspension or Revocation I.A.9.: Recordkeeping and Record Retention I.E.: Renewals I.A.10.: Examinations
I.F.: Continuing Education Requirements I.A.11.: Reporting I.G.: Office Requirements I.A.12.: Notifications I.H.: Examinations I.A.13.: Renewal
I.I.: Notification/Change in Control Requirements I.A.14.: Change of Control Requirements II.: Requirements for Doing Incidental/Occasional Business I.A.15.: Denial, Suspension or Revocation III.: Prohibited Acts and Practices I.A.16.: Prohibited Acts and Practices IV.: Advertising Limitations I.B.: Mortgage Broker
V.: Wet Settlement Requirements I.B.1.: Supervising Entity VI.: Insurance Requirements I.B.2.: Exemptions
VI.A.: Private Mortgage Insurance I.B.3.: Incidental/Occasional Business VI.B.: Hazard Insurance I.B.4.: Fees (Initial, Renewal or Exemptions) VI.C.: Health, Credit Life and Other Insurance I.B.5.: Net Worth
VII.: Borrower Repayment Ability I.B.6.: Bonds
VIII.: Refinancing Restrictions I.B.7.: Education (Initial & Continuing) IX.: Federal Preemption I.B.8.: Office Requirements
X.: Real Estate Closing Practices I.B.9.: Recordkeeping and Record Retention X.A.: Escrow Requirements I.B.10.: Examinations
X.B.: Calculation of Interest I.B.11.: Reporting X.C.: Marital Rights and Required Signatures I.B.12.: Notifications X.D.: Homestead Exemption I.B.13.: Renewal
X.E.: Cosigners I.B.14.: Change of Control Requirements X.F.: Powers of Attorney I.B.15.: Denial, Suspension or Revocation X.G.: Security Instruments I.B.16.: Prohibited Acts and Practices X.H.: Notary Requirements I.C.: Mortgage Loan Originator
X.I.: Document Preparation I.C.1.: Supervising Entity XI.: Usury and Fee Limitation I.C.2.: Exemptions
XI.B.: Interest Rate and APR I.C.4.: Fees (Initial & Renewal) XI.C.: Loan Amount I.C.5.: Net Worth
XI.D.: Loan Term I.C.6.: Bonds
XI.E.: Points I.C.7.: Education (Initial & Continuing)
XI.F.: Permissible Third Party Fees I.C.8.: Office/Branch Association Requirements XI.G.: Late Fees I.C.9.: Recordkeeping and Record Retention XI.H.: Prepayment Penalties I.C.10.: Examinations
XI.I.: Lender-Paid Mortgage Broker Compensation I.C.11.: Reporting XI.J.: Assumption Fees I.C.12.: Notifications XI.K.: Attorney's Fees I.C.13.: Renewal
XII.: Disclosure Requirements I.C.14.: Denial, Suspension or Revocation XII.A.: Plain Language Requirements I.C.15.: Prohibited Acts and Practices XII.B.: Application and Preclosing Disclosures I.D.: Mortgage Loan Servicer
XII.B.1.: General Disclosure Requirements I.D.1.: Supervising Entity XII.B.2.: Loan Commitment Disclosure Requirements and Timing I.D.2.: Exemptions
XII.B.3.: Lock-In Agreements I.D.3.: Fees (Initial & Renewal) XII.B.4.: Adverse Action Notices I.D.4.: Net Worth
XII.C.: Closing I.D.5.: Bonds
XII.D.: Servicing I.D.6.: Education (Initial & Continuing) XII.E.: Providing Copies of Appraisals and Other Documents I.D.7.: Office Requirements
XII.F.: Anti-Predatory Lending Disclosures I.D.8.: Recordkeeping and Record Retention XIII.: Recordkeeping and Record Retention Requirements I.D.9.: Examinations
XIV.: Servicing Requirements I.D.10.: Reporting XIV.A.: Escrow Requirements I.D.11.: Notifications XIV.B.: Borrower Account Statements I.D.12.: Renewal
XIV.C.: Release of Lien I.D.13.: Change of Control Requirements XIV.D.: Servicing Assigned Loans I.D.14.: Denial, Suspension or Revocation XIV.E.: NSF Fees I.D.15: Prohibited Acts and Practices XIV.F.: Disclosures I.E.: Reverse Mortgages
XIV.G.: Debt Collection Practices I.F.: Escrow Company XV.: Alternative Mortgage Transactions I.G.: Debt Collection XV.A.: Balloon Loans II.: Federal Preemption
XV.B.: Adjustable-Rate Mortgages or Adjustable Payment Mortgages III.: Advertising Requirements/Limitations XV.C.: Reverse Mortgages IV.: Privacy Laws and Security Breaches XV.D.: Nontraditional Mortgage Products IV.A.: Privacy Laws
XVI: Privacy Laws and Security Breaches IV.B.: Security Breaches XVI.A.: Privacy Laws V.: Usury & Terms Limitations XVI.B.: Security Breaches V.A.: Interest Rate and APR XVII: Anti-Predatory Lending Laws V.B.: Loan Amount
XVII.A.: All Loans V.C.: Loan Term XVII.B.: High-Cost/Covered Loans VI.: Origination Fees/Charges
XVII.C.: Subprime Loans VI.A.: General Issues
XVIII: Foreclosure VI.B.: Mortgage Banker/Lender Compensation XVIII.A.: General Overview VI.C.: Mortgage Broker Compensation (Consumer & Lender Paid) XVIII.B.: Loan Modification/Foreclosure Prevention VI.D.: Points
XVIII.C.: Nonjudicial Foreclosure VI.E.: Permissible Third Party Fees XVIII.C.1.: Notice of and Right to Cure Default VI.F.: Attorney Fees
XVIII.C.2.: Foreclosure Process VI.G.: Notary Fees XVIII.C.3.: Redemption Rights VI.H.: Other Fees/Charges XVIII.C.4.: Deficiency Judgment VI.H.1.: Late Fees
XVIII.D.: Judicial Foreclosure VI.H.2.: Prepayment Penalties XVIII.D.1.: Notice of and Right to Cure Default VI.H.3.: Assumption Fees XVIII.D.2.: Foreclosure Process VII.: Disclosure Requirements
XVIII.D.3.: Redemption Rights VII.A.: Plain Language Requirements XVIII.D.4.: Deficiency Judgment VII.B.: Application and Preclosing
XVIII.E.: Foreclosure Consultants and Equity Purchasers VII.B.1.: General Disclosure Requirements VII.B.2.: Fee Disclosures (Advance & General) VII.B.3.: Prepayment Penalties
VII.B.4.: ARM/Variable Rate Loans VII.B.5.: Negative Amortization Loans VII.B.6.: Loan Commitment/Approval VII.B.7.: Lock-In Agreements
VII.B.8.: Adverse Action Notices VII.C.: Predatory Lending Disclosures VII.D.: Reverse Mortgages
VII.E.: Providing Copies of Appraisals and Other Documents VII.F.: Closing
VII.G.: Servicing
VII.H.: Loan Modification/Loss Mitigation VII.I.: Foreclosure
VIII.: Borrower Repayment Ability IX.: Refinancing Restrictions X.: Anti-Predatory Lending Laws X.A.: All Loans
X.B.: High-Cost/Covered Loans X.C.: Subprime Loans
XI.A.: Balloon Loans
XI.B.: Adjustable-Rate Mortgages or Adjustable Payment Mortgages XI.C.: Reverse Mortgages
XI.D.: Nontraditional Mortgage Products XII.: Insurance Requirements
XII.A.: Private Mortgage Insurance XII.B.: Hazard Insurance
XII.C.: Health, Credit Life and Other Insurance XIII.: Real Estate Closing Practices
XIII.A.: Escrow Requirements XIII.B.: Calculation of Interest
XIII.C.: Marital Rights and Required Signatures XIII.D.: Homestead/Community Property XIII.E.: Cosigners
XIII.F.: Powers of Attorney XIII.G.: Security Instruments XIII.H.: Notary Requirements XIII.I.: Document Preparation XIII.J.: Wet Settlement XIV.: Servicing Requirements XIV.A.: General Issues XIV.B.: Escrow Requirements XIV.C.: Servicing Fees XIV.D.: NSF Fees
XIV.E.: Borrower Account Statements XIV.G.: Servicing Assigned Loans XIV.H.: Written Requests XIV.I.: Release of Lien XIV.J.: Payoff Statements
XIV.K.: Acceptance of Delinquent Payments XIV.L.: Debt Collection Practices
XV.: Loan Modifications/Loss Mitigation XV.A.: Licensing
XV.B.: General Issues XV.C.: Modification Fees XV.D.: Disclosure/Notices XV.E.: Loss Mitigation
XVI.: Foreclosure
XVI.A.: General Overview XVI.B.: Nonjudicial Foreclosure
XVI.B.1.: Notice of and Right to Cure Default XVI.B.2.: Foreclosure Process
XVI.B.3.: Redemption Rights XVI.B.4.: Deficiency Judgment XVI.C.: Judicial Foreclosure
XVI.C.1.: Notice of and Right to Cure Default XVI.C.2.: Foreclosure Process
XVI.C.3.: Redemption Rights XVI.C.4.: Deficiency Judgment
XVI.D.: Foreclosure Consultants and Equity Purchasers XVII.: Consumer Fraud
