Regulatory Compliance

Shirk Law provides clients with analysis of regulatory compliance issues and advice on their business plans and operations under relevant state and federal laws. The firm also serve as advocates, both seeking favorable interpretations from regulators and defending against regulator investigations, examinations, and enforcement actions.

The firm advise clients on the full range of issues faced by the mortgage banking industry, including on the following topics:

-- Dodd-Frank Act

-- Real Estate Settlement Procedures Act (RESPA)

-- Truth in Lending Act (TILA)

-- ​Home Mortgage Disclosure Act (HMDA)
-- Fair Credit Reporting Act (FCRA)

-- Equal Credit Opportunity Act (ECOA)

-- Fair Lending
-- State Law Compliance

-- Freddie Mac and Fannie Mae program compliance
-- Government Lending (FHA/VA/GNMA) compliance

Services include the following:

-- Customized surveys of multi-state and federal requirements tailored to current and planned business activities
-- Review/development of nationwide document packages for compliance with all applicable laws
​-- e-Commerce solutions to emerging internet lending trends
-- Advocacy before regulators and investors in seeking favorable interpretations of existing laws and program requirements
-- Audits of closed loan files
-- Due diligence for state, federal, investor, and agency compliance
-- Quality assurance testing and development
-- Policies and procedures review, development, and implementation
-- Operational and process flow reviews