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

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Mortgage and Lending

 

"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:
True Mortgage Professionals
Responsible Mortgage Lenders
All About Mortgages/Mortgage Networking
Tags:
team
mortage
real estate
sales
forclosure

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Rainmaker
614,841
David Popoff
DMK Real Estate - Darien, CT
Realtor & Property Manager, Fairfield County, Ct.

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

Aug 10, 2011 05:33 PM #1
Rainer
35,225
Sunny Group Movement Mortgage
Biloxi, MS

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. 

Aug 10, 2011 05:43 PM #2
Rainer
221,498
James Loftis
Real Estate 911 Inc - Hollywood, FL
Real Estate 911 Inc

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

Aug 10, 2011 05:51 PM #3
Rainer
35,225
Sunny Group Movement Mortgage
Biloxi, MS

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

Aug 11, 2011 10:55 AM #4
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Rainer
35,225

Sunny Group Movement Mortgage

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