A recent memo from the legal department of the California Association of Realtors® has brought to our attention some changes in rules for advertising mortgage loans. “The Federal Reserve Board has adopted, under TILA [Truth in Lending Act] Section 129(l)(2), 15 U.S.C. 1639(l)(2), rules to prohibit the following seven deceptive or misleading practices in advertisements […]
Entries Tagged as 'Misrepresentation'
NEW RULES FOR MORTGAGE LOAN ADVERTISING
January 17th, 2010 · No Comments
Tags: California Association of Realtors · Interest Rates · Advertising · Truth In Advertising · New Laws In 2010 · Mortgage Loan Originators · Annual Percentage Rate · Misrepresentation · Mortgage Lending · CAR · Lending · Mortgage Funding · Mortgage Servicing · Bob Hunt
REALTOR® SUED FOR MISRPRESENTATION WHEN ASSESSOR’S RECORDS ARE INCORRECT
September 21st, 2009 · 3 Comments
There’s really nothing for real estate agents and brokers to like about a recent case brought to our attention by the legal department of the National Association of Realtors® (NAR). Bowman v. Presley arose out of a 2005 transaction that took place in the state of Oklahoma. The ruling came down from the Oklahoma Supreme […]
Tags: Misrepresentation · National Association of Realtors · Appraisal Reports · Appraisals · Buying A Home · NAR · Purchase Agreements · Disclosure · Bob Hunt · The Market
PROPERTY TAX REASSESSMENT SCAMS ARE ON THE RISE
February 10th, 2009 · 1 Comment
Recently, California Real Estate Commissioner, Jeff Davi, observed that a down market brings out the scammers. He is right. We have already, in the past months, become familiar with “foreclosure rescue” scams, “short sale facilitation” scams, and “loan modification” scams. Now, a recent memo from the California Association of Realtors® alerts us to “property tax […]
Tags: Misrepresentation · Bob Hunt · The Market