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ALTA letter urges removal of 4-day limit to reset tolerances
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Industry News, Regulatory Updates
Monday, October 16, 2017
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In a letter submitted to the Consumer Financial Protection Bureau on Oct. 10, the American Land Title Association voiced its support for the removal of the four-business day limit for resetting tolerances with closing disclosures. It also shared simple changes it believes are needed to prevent degradation of the rule’s good faith and advance disclosure requirements. Read on for more details.
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