Compliance News Alert: Nebraska Net Tangible Benefits Disclosure
Apr 14, 2020
FNMA and FHLMC have published a joint announcement and implementation timeline for the new Uniform Residential Loan Application (“URLA”) and associated MISMO® loan application submission files (available here and here).
The new URLA and the submission files must be used beginning March 1, 2021. The current URLA and submission files will no longer be accepted beginning March 1, 2022.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.