Relating to requirements for disclosures and recordkeeping, reinforcing state law regarding late fees, and clarifying that a state-specific closing disclosure is not required as long as federal closing disclosures are given accurately
The purpose of this bill is to clarify that a separate state closing disclosure is not required if appropriate federal closing disclosures are provided to borrowers.
Banking and Finance
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}