Asked by Jasmine Gardiner on May 23, 2024
Verified
The Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 amended the Truth in Lending Act to exempt banks with assets below $250 billion from some requirements for residential mortgage loans.
Economic Growth, Regulatory Relief, and Consumer Protection Act
is a law intended to ease regulations on small and medium-sized banks and enhance consumer protections.
Truth in Lending Act
A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.
Residential Mortgage Loans
Loans borrowed by individuals for the purpose of purchasing residential properties, secured by the property itself.
- Recognize the regulatory frameworks affecting real estate, including zoning, the Truth in Lending Act amendments, and disclosure requirements.
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Learning Objectives
- Recognize the regulatory frameworks affecting real estate, including zoning, the Truth in Lending Act amendments, and disclosure requirements.
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