by brandon | Mar 15, 2018 | Real Estate Law
The Texas Finance Commission has updated Chapter 153 of the Texas Administrative Code to reflect the changes to the Texas Home Equity Lending Laws that took effect in January of 2018. The updated interpretations become effective March 29, 2018. The full text and...
by brandon | Dec 4, 2017 | Real Estate Law
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...
by brandon | Nov 22, 2017 | Real Estate Law
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...
by brandon | Nov 8, 2017 | Real Estate Law
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...
by brandon | Oct 11, 2017 | Real Estate Law
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...
by brandon | Aug 29, 2017 | Real Estate Law
Special Note Regarding Hurricane Harvey: Many of our Credit Union clients have witnessed the devastation of Hurricane Harvey and are now helping their members restore some semblance of normalcy. It is a daunting task but Credit Unions have historically been the...