FACTA Risk Based Pricing Disclosure Update

  • Posted by Thomas Conwell
  • On November 29, 2010
  • facta, mortgage disclosures, risk based pricing
The Federal Reserve Board and the Federal Trade Commission have completed final rulemaking pertaining to Risk-Based Pricing Disclosures (FACTA section 311.) This Federal law requires that by January 1st, 2011, a Risk-Based Pricing Disclosure (RBPD) calculation be done and appropriate notices be provided to consumers subject to “materially less favorable terms than the most favorable terms.”  […]
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