Author Question: What additional disclosures must be made in credit transactions in which the debtor's home will ... (Read 32 times)

NClaborn · **on:** Jun 24, 2018

What additional disclosures must be made in credit transactions in which the debtor's home will serve as security for the loan?

Question 2

List the factors which should be considered when determining in which state to incorporate.

ryansturges · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

Under the amendments to TILA covering home mortgages, the loan documents must make clear the fact that default could lead to foreclosure and loss of the home.

Answer to Question 2

The status of the state's corporation laws, the state's tax laws, the ability to attract necessary employees to the state, incentives that the state offers to attract the business (tax breaks, highways, office space, etc.)