2023 Tax Calendar
VIEWpoint Issue 2 | 2022
Inflation Reduction Act: Highlights of Key Changes for You and Yo...
Now that the dust has started to settle on the new mortgage rules, making sure you have properly implemented the rules in your institution is critical to remain in compliance. Basically, it comes down to how well you have documented meeting each of the requirements. Much of the documentation can be done using existing checklists and adding new requirements to it.
To ensure you adhere to the regulations, Doeren Mayhew’s regulatory compliance advisors offer some tips to keep in mind during the implementation stages.
To avoid new penalty fees of $2,000 per violation, with no maximum penalty cap, implement the following best practices:
For assistance in implementing the new mortgage rules in your financial institution, contact our regulatory compliance advisors in Michigan, Houston or Ft. Lauderdale.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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