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Author Archives: Jaspreet Kaur

Author | Jaspreet Kaur | March 1, 2018

Jaspreet Kaur is an Associate in the real estate finance section of the Geraci Law Firm. Ms. Kaur leads the firm’s consumer compliance practice and is familiar with the vast array of state and federal consumer regulations, including TILA and RESPA. Ms. Kaur’s experience includes representing lenders and brokers, preparing commercial, residential, and construction loan documents, in addition to drafting assignments, modifications, subordination agreements, and custom agreements. Ms. Kaur also has experience with negotiating the terms of transactions, title matters, and closing loans. CONTACT: (949) 379-2600 | www.geracilawfirm.com

House Passes Bill to Increase HMDA Reporting Threshold

On January 18, the House moved forward legislation that would exempt many credit unions, community banks, and small lenders from specific Home Mortgage Disclosure Act (HMDA) reporting requirements. The House passed H.R. 2954 by a 243 – 184 vote. The resolution increases the threshold of mortgage originations that must be reached to trigger HMDA reporting. Current law requires that lenders […]

What’s Coming for the Loan Originator Compensation Rule

The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) has had a tremendous impact on the financial services industry since its passage in 2010. The law, drafted as legislation aimed at protecting consumers, has unintentionally (or perhaps intentionally) disrupted the daily operations of businesses from Wall Street to Main Street. One aspect that is radically affected […]