"How the Mortgage Acts & Practices" Rules Affect Real Estate Agents & Builders"

By
Real Estate Mortgage Broker

 

"How the Mortgage Acts & Practices" Rules Affect Real Estate Agents & Builders

 

The Mortgage Acts & Practices Rules are in effect as of August 19, 2011.

When you run an ad, or even mention mortgage terms, you must not only comply with Reg Z rules, you must comply with these, too.

 

First of all, here are the types of advertising/marketing that are outlined in the Act. The Fed’s call it "commercial communications" and it means…

Any written or oral statement

Illustrations such as charts and graphs

English or any other language

Labels

Packages

Package inserts

Radio

Television

Cable TV

Brochures

Newspaper

Magazines

Pamphlets

Leaflets

Circulars

Mailers

Book inserts

Free standing inserts

Letters

Catalogue

Billboards


 

 

…anything else considered "commercial communication"

 

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Topic:
ActiveRain Community
Location:
Mississippi
Groups:
All About Mortgages/Mortgage Networking
Responsible Mortgage Lenders
True Mortgage Professionals
Tags:
team
mortage
real estate
sales
forclosure

Comments 4 New Comment

Anonymous
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Rainmaker
565,676
David Popoff
Realtor & Property Manager, Fairfield County, Ct.
DMK Real Estate & Property Mgmt

Very informative, thanks for keep us up to date with all the new regulations, we need to know.

August 10, 2011 05:33 PM
Rainer
35,225
Sunny Group Movement Mortgage

David-We are trying.....things are changing so quickly that it takes a great deal of reading to keep informed....thank you for your comment. 

August 10, 2011 05:43 PM
Rainer
189,479
James Loftis
Real Estate 911 Inc
Real Estate 911 Inc

Very good information , was not aware of these new laws and regulations.

August 10, 2011 05:51 PM
Rainer
35,225
Sunny Group Movement Mortgage

Thank yu James... will keep you posted on any and all info I can :)

August 11, 2011 10:55 AM
Anonymous
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Rainer
35,225

Sunny Group Movement Mortgage

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