Title Fee Change Beginning January 1, 2018

The Texas Department of Insurance recently issued an order regarding a change to the Title Guaranty Fee.  Beginning January 1, 2018, the name of fee will be the Guaranty Assessment Recoupment Charge (GARC).  The fee will increase from $3.00 per policy to $4.50 per...

Home Equity Lending Hiatus

We wanted to alert you to an issue relating to Home Equity loans scheduled to be closed after January 1, 2018.  As you know, there will be a new 12-day Home Equity Disclosure beginning January 1, 2018.  The new disclosure can be found here.  This new notice reflects...

Texas Voters Approve Home Equity Changes

The Texas voters approved the Texas Constitutional amendment affecting home equity loans, which will impact all credit unions making home equity loans in Texas.  These changes will become effective January 1, 2018. The full text of the changes can be found here. A...

TRID Review Featured in CFPB Supervisory Highlights

The CFPB published their Summer 2017 Supervisory Highlights in September, which included a list of common TRID mistakes made by lenders.  The full publication can be found here.   The CFPB examiners found the following common TRID mistakes: Fees increased between Loan...