TITLE

Lenders Win Round in Prepayment Battle

PUB. DATE
February 2001
SOURCE
National Mortgage News;02/19/2001, Vol. 25 Issue 21, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the United States appeals court ruling which held that Virginia state regulators cannot enforce limits on prepayment penalties if state-licensed lenders adhere to federal regulations governing the 1982 Alternative Mortgage Transactions Parity Act. Federal preemptive powers of the act; Options offered by law for lenders to comply with federal regulations.
ACCESSION #
4167024

 

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