Credit and Financing




Home Mortgage

Home Refinance

Second Mortgage

Reverse Mortgages

Home Equity Loans

VA Home Loans

FHA Loans

Credit Cards

Reward Cards

Debit Cards

Cash Advances

Payday Loans

Personal Loans

Auto Loans

Motorcycle Loans

Auto Refinance

Debt Consolidation

SubPrime Loans

Military Loans

Student Loans

Stafford Loans

Direct Loans

Business Loans

Line of Credit



Mortgage Rates

Interest Rates

Loan Calculators

Credit Report

Credit Repair

Consumer Financial Rights

... Continued From Previous Page

Home Mortgage Disclosure Act (HMDA)

The Home Mortgage Disclosure Act (HMDA) requires certain lending institutions to report annually on their originations and purchases of home purchase and home improvement loans as well as applications for such loans. The type of loan, location of the property, race or national origin, sex and income of the applicant or borrower is reported. Institutions are required to make information regarding their lending available to the public and must post a notice of availability in their public lobby. Disclosure statements are also available at central depositories in metropolitan areas. This information can help the public determine how well institutions are serving the housing credit needs of their neighborhoods and communities.

National Flood Insurance Act

National Flood Insurance is available to any property holder whose local community participates in the national program by adopting and enforcing flood plain management. Federally regulated lenders are required to compel borrowers to purchase flood insurance in certain designated areas. Lenders also must disclose to borrowers if their structure is located in a flood hazard area.

Real Estate Settlement Procedures Act

The Real Estate Settlement Procedures Act requires that a consumer be given advance information about the services and costs involved in the closing of a residential mortgage. It also limits the amount that can be collected for mortgage escrow.

Rights to Financial Privacy Act

The Right to Financial Privacy Act provides that customers of financial institutions have a right to expect that their financial activities will have a reasonable amount of privacy from federal government scrutiny. The Act establishes specific procedures and exemptions concerning the release of the financial records of customers and imposes limitations on and requirements of financial institutions prior to the release of such information to the federal government.

Savings and Time Deposits

Savings and time deposits are covered by regulations that prohibit inaccurate or misleading advertising.

Truth in Lending Act

The Truth in Lending Act requires disclosure of the "finance charge" and the "annual percentage rate"--and certain other costs and terms of credit--so that a consumer can compare the prices of credit from different sources. It also limits liability on lost or stolen credit cards.

Click Here To Continue ...


Home Page
Custom Search
Site MapAdvertise With UsAbout Us

Legal Resource Center

Payless Insurance

Center For Debt

Tax Services

Financial Resource Center

  Our Privacy Policy © Copyright 2009 Gelinas Associates - All Rights Reserved