S.R. Snodgrass, A.C.
Certified Public Accountants
and Consultants
and Consultants
09/2009 – Compliance Update
By S.R. Snodgrass Outsourcing Group
Federal Agencies Propose Rule to Implement Secure and Fair Enforcement for Mortgage Licensing Act of 2008; RESPA Frequently Asked Questions; New Advertising Standards for Mortgages; The Federal Reserve Board Publishes Final Rule for Education Loans; The Federal Reserve Board Publishes Amendments to Regulation Z to Implement the Credit CARD Act; Fannie Mae/Freddie Mac Revise the URLA; A Reminder Regarding Upcoming Truth-in-Savings Changes; Immigration and W-4 Form Revisions; HMDA Changes Prompted by New Truth-in-Lending Rules
FEDERAL AGENCIES PROPOSE RULE TO IMPLEMENT SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2008 (SAFE ACT) MORTGAGE LOAN ORIGINATOR REGISTRATION REQUIREMENTS
We have received numerous inquiries from our clients regarding registration and other requirements. Although the SAFE act has been passed, regulations for implementation are not yet final. As of September 1, 2009, there is still no action…
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