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  • May 5, 2015 at 2:06 pm EDT #6868
    mdunker
    Member

    Currently under truth in lending we are disclosing an early truth in lending to each owner of the property we are taking as collateral. How we will handle this going forward as of August, 1, 2015 and beyond?

    May 6, 2015 at 11:26 am EDT #6873
    rcooper
    Member

    You would continue to provide the disclosures as you currently do. The format of the disclosures has changed, but they are still required to be delivered to the consumer(s) and the definition of consumer hasn’t changed.

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