“In an attempt to strengthen lending requirements and expand consumer protections on higher-priced mortgage loans (HPML), § 1471 of the Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) revised the Truth in Lending Act (TILA) and the CFPB amended Regulation Z pursuant to the new TILA requirements. The amendments require creditors to obtain […]
April 2013 Bank of America cut its appraiser staff by about 5 percent in February, Bloomberg reported March 13. The bank eliminated positions from within its LandSafe appraisal unit where the workforce had totaled nearly 1,000 employees. “While we have known we were overstaffed since the fall, we did everything we could to delay the […]
“The General Assembly finds that: It is the intent of the General Assembly that this Act provide for the regulation of those persons or entities engaged as appraisal management companies for the protection of the public and for the maintenance of high standards of professional conduct by those registered as appraisal management companies and to […]
