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Mortgage Law Compliance
HOEPA
and RESPA
addresses certain deceptive and unfair practices in home lending.
HOEPA amends the Truth in Lending Act (TILA) and establishes
requirements for certain loans with high rates and/or high
fees.
The rules for these loans are contained in Section
32 of Regulation Z, which implements the TILA, so the loans also are
called “Section 32 Mortgages". See
Predatory Loan law abuses.
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