Posted by Sean on July 05, 2000 at 18:28:08:
Most of the lending community has the simple attitude that it doesn’t pay to take chances, and I wholeheartedly agree. If you’re not sure then disclose, disclose, disclose.
Most of the lending disclosure requirements go under the terms “Regulation B” and “Regulation Z.” These are federal regulations – state laws may vary.
Regulation B is meant to prevent discrimination and Regulation Z is meant to promote informed consumer decisions. Try hitting up http://www.mortgagemart.com/regz.html for a brief overview.