Consumer Lending

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Under the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) and the financial institution regulatory agencies' final rules (Federal Register), residential mortgage loan originators employed by banks must register with the Registry, obtain a unique identifier from the Registry, and maintain their registrations by July 29, 2011.

On the IBAT website you will find helpful information on S.A.F.E. Act compliance.

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Why you should attend the Lending Compliance Summit:

With foreclosures on the rise, more and more attention is being given to residential mortgage lending by Congress, the Texas Legislature and regulators. Significant changes to Regulation Z have been made by the Fed. In addition, the new administration has elected to NOT delay the implementation of sweeping RESPA changes. At the same time, Fair Lending enforcement is being aggressively pursued.

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IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

American Banker  |  Tuesday, July 12, 2011
By Kate Berry

The price of being a good neighbor can be steep for banks foreclosing on condominiums and homes in planned communities.