Comment on CFPB-2012-0029-0064

Document ID: CFPB-2012-0029-0177
Document Type: Public Submission
Agency: Consumer Financial Protection Bureau
Received Date: November 02 2012, at 12:00 AM Eastern Daylight Time
Date Posted: November 5 2012, at 12:00 AM Eastern Standard Time
Comment Start Date: September 6 2012, at 12:00 AM Eastern Standard Time
Comment Due Date: November 6 2012, at 11:59 PM Eastern Standard Time
Tracking Number: 1jw-81r8-6biq
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This is comment on Proposed Rule

Truth in Lending Act (Regulation Z) and Homeownership Counseling Amendments to Real Estate Settlement Procedures Act (Regulation X): High-Cost Mortgage and Homeownership Counseling Amendments (Notice of Extension)

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3 DAY REQUIREMENT TO RE-DISCLOSE IF THERE ARE CHANGES TO THE NUMBERS...THIS SHOULD NOT APLY IF THE CHANGES ARE ONLY ON THE SELLER SIDE OR IF THOSE CHANGES ARE CAUSED BY THE BUYER. EITHER PARTY SHOUDL BE ABLE TO WAIVE THE REQUIREMENT FOR THE 3 DAY REDISCLOSURE. ANALOGY ...THAT YOU CAN WAIVE YOUR RIGHT TO LEGAL COUNSEL FOR MUDER CHARGES AND DEFEND YOURSELF BUTYOU CANNOT WAIVE THIS!!! THE NEED TO REDISCLOSE SHOULD ONLY BE IMPOSED IF HE CHANGES EXCEED $500 INSTEAD OF THE PROPOSED THRESHOLD OF $100. $100 IS WAY, WAY TOO LOW!.

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Comment on CFPB-2012-0029-0064
Public Submission Posted: 09/10/2012 ID: CFPB-2012-0029-0129