Library

The Shirk Law document library contains frequently consulted documents conveniently grouped by key topics affecting the mortgage industry. Each topic below has its own library for easy viewing.

Integrated RESPA/TILA Disclosures

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Dodd-Frank's directive to integrate the initial and final consumer disclosures required by RESPA and TILA. These include the new Loan Estimate and Closing Disclosure. These forms are effective August 15, 2015. We have the proposed and final rules plus the CFPB's implementation guide and many other documents here.

TILA & Reg. Z

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The Truth-In-Lending Act and its implementing rules, Regulation Z. This is a comprehensive list of all TILA and Reg. Z changes including those found in topical libraries.

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​Ability to Repay & Qualified Mortgage

Dodd-Frank Act's statutory and subsequent regulatory changes requiring mortgage lenders to ascertain an applicant's ability to repay and the safe harbor for a Qualified Mortgage. These provisions took effect in January of 2014. We ahve teh proposed and fulal rules plus the CFPB's implementation guide and many other documents here.

Loan Originator Compensation

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Loan originator compensation restrictions were first proposed under Regulation Z by the Federal Reserve Board in 2009 and became effective in 2011. Dodd-Frank codified loan orginator compensation restrictions in the Truth-In-Lending Act in 2010 and transfered responsibility for rulemaking under the Truth-In-Lending Act to the Consumer Financial Protection Bureau in 2011. Final rules implementing the Dodd-Frank changes to loan originator compensation restrictions under Regulation Z were published by the CFPB and became effective in 2014.

RESPA & Reg. X

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The Real Estate Settlement Procedures Act and its implementing rules, Regulation X. This is a comprehensive list of all RESPA and Reg. X changes including those found in topical libraries.