What additional disclosures must be made in credit transactions ...

[NClaborn]

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]

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.)

[NClaborn]

Great answer, keep it coming

[cpetit11]

Thanks for the timely response, appreciate it