September 2024 - Simon PLC Attorneys & Counselors

Memorandum

CFPB DEEMS LAND CONTRACTS “CREDIT” SUBJECT TO FEDERAL MORTGAGE PROTECTIONS

Posted on September 1, 2024August 30, 2024 by admin

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Simon PLC Attorneys & Counselors – September 2024 Memorandum CFPB DEEMS LAND CONTRACTS “CREDIT” SUBJECT TO FEDERAL MORTGAGE PROTECTIONS Troy, MI. On August 13, 2024, the Consumer Financial Protection Bureau (CFPB) released a research report and advisory opinion stating that contracts for deed also known as land contracts are under federal home lending rules […]

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