Compliance Requirements For ARM Loans
There are several compliance requirements under federal law specific to adjustable-rate mortgage (ARM) loans. The COVID-19 pandemic has introduced new government rules and greater uncertainty for lending. You need to understand the details, set policies, and follow appropriate procedures to avoid penalties.
- What additional application disclosures are required for ARM loans?
- How should you handle rate adjustment notices?
- How can you prepare for the discontinuation of the LIBOR index?
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