Nontraditional mortgages - consumer protections - rules incorporation of federal interagency guidance.

Checkout our iOS App for a better way to browser and research.

The banking board shall adopt rules governing the marketing of nontraditional mortgages by banking institutions. In adopting such rules, the board shall incorporate appropriate provisions of section 1098 of the federal "Dodd-Frank Wall Street Reform and Consumer Protection Act", amending 12 U.S.C. sec. 2601 et seq., and applicable regulations.

Source: L. 2007: Entire section added, p. 1745, § 1, effective July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1475, § 35, effective July 1.


Download our app to see the most-to-date content.