State Consumer Credit Law
Mavent applies requirements of over 340 US state laws for consumer residential mortgage loans secured by real property as these laws relate to such issues as:
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State Higher Rate Mortgages
Mavent analyzes loans for compliance with state laws and regulations governing higher-rate, higher-risk, higher-priced, subprime, nonprime, and rate spread and similarly classified loans. Mavent will identify loans that trigger the applicable threshold and are otherwise defined in state higher rate mortgages. Mavent will determine compliance with critical aspects of higher rate mortgage regulations, including provisions relating to:
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Lender Profile
Mavent's Lender Profile allows clients to configure each line of business to take advantage of permissible elections, including federal preemption and rate exportation. Mavent also applies preemptions, as appropriate, under the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) and the Alternate Mortgage Transactions Parity Act (AMTPA). Historical rules, indices and information for state laws are preserved to enable retrospective quality control auditing.
Baseline Reviews