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January 22, 2024
Brockmeyer is Of Counsel to Locke Lord LLP, resident in its Los Angeles workplace. He makes a speciality of company governance, securities law compliance and company transactions. By Sanford ShatzThe Consumer Financial Protection Bureau’s TILA rule regarding value determinations for higher-priced mortgage loans, efficient January 18, 2014, is designed to protect lenders from over-loaning on a particular property to avoid catastrophic losses if debtors default or property values decline. These necessities embrace offering further disclosures, mandating that property valuators meet certain licensing requirements, and that the value determinations embrace an interior inspection of the topic property. Finally, this text