The Act mandates that a foreclosure proceeding against certain military personnel is not valid unless the creditor has obtained a court order approving it and further states that the courts may stop the proceedings for a time or adjust the debt.
Required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the revised forms are meant to help both consumers and lenders by simplifying the mortgage process. Comment by May 27.
An update on various legislations that may affect credit unions, including a foreclosure mediation update, redistricting plans, and changes to the property recording surcharge.
Your update of the regulatory landscape.