The CFPB adopted rules amending provisions under the Equal Credit Opportunity Act (ECOA). The adopted rules: provide creditors additional flexibility in complying with ECOA in order to facilitate compliance with the Home Mortgage Disclosure Act; add new model forms and remove an existing outdated form; and make various other amendments to facilitate the collection and retention of information about the ethnicity, sex, and race of certain mortgage applicants. The adopted rules become effective January 1, 2018.
VA
VA Creates Form 26-10291, Assumption Entitlement Acknowledgement
VA issued Circular 26-24-09 announcing the creation of Form 26-10291 (Assumption Entitlement Acknowledgement). Per the Circular, VA created Form 26-10291 to increase awareness related to