Barnes Walker Law Firm | Sarasota, Bradenton, Palmetto, Manatee County FL
A REALTOR’S GUIDE: THE NEW FAR/BAR CONTRACT AND SETTLEMENT STATEMENT CHANGES DUE TO THE NEW CFPB AND TRID REQUIREMENTS (WITH CLARIFICATIONS TO THE DODD-FRANK ACT) As you are well aware, the new Consumer Finance Protection Bureau (CFPB) has mandated a new closing disclosure called TRID (which stands for TILA RESPA Integrated Disclosure) which has caused.
The Dodd-Frank Wall Street Reform and Consumer Protection Act created the Consumer Financial Protection Bureau (“CFPB”), and with other laws, has expanded previous regulations concerning the licensing, training, screening, and compensation practices of loan originators, mortgage brokers, bank officers, and lenders in general, in consumer loan transactions. On January 10, 2014, the Loan Originator Rule.
In Florida, oil, gas, and mineral rights can be as valuable to their owners as they are in Texas and the other significant oil-producing states. However, mineral rights may have little value in Florida if the property where these rights are located is not zoned for drilling or mining, e.g., the land is zoned for.
