MLO Mentor: The Fair Credit Reporting Act
This article gives an overview of the Fair Credit Reporting Act (FCRA).
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Tag: fcra
Mortgage Concepts: How to issue the adverse action notice
Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses guidelines for issuance of the adverse action notice/notice of action taken under both the Equal Credit Opportunity Act (ECOA) and Fair Credit Reporting Act (FCRA). For course credit toward renewing your NMLS license, visit firsttuesday.us.
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Is Fannie Mae liable for money losses resulting from a false foreclosure report in its underwriting software?
Zabriskie v. Federal National Mortgage Association Facts: A homeowner defaults on their mortgage...
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New California information privacy law eclipses current regulations for lenders
Information privacy rules will soon change for some California mortgage lenders thanks to a sweeping new law.
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May a credit reporting agency (CRA) be held liable for Fannie Mae’s incorrect classification of a short sale as a foreclosure?
Shaw v. Experian Information Solutions, Inc. Facts: A distressed homeowner short sells their...
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