Precomment Draft Notice: Home Equity – Business Day Definition
January 27, 2022 | | Mortgage Origination
The Joint Financial Regulatory Agencies (Texas Department of Banking, Department of Savings and Mortgage Lending, Office of Consumer Credit Commissioner, and Texas Credit Union Department) held an online webinar on January 12, 2022, at 2:00 p.m.
During the webinar, the agencies discussed the January 5 precomment draft of amendments to 7 Tex. Admin. Code § 153.1, relating to the definition of “business day” and technical changes. The agencies intend to present these amendments for proposal at the Finance Commission’s February 18 meeting and the Credit Union Commission’s March 11 meeting. Read more…