Bulletin re: amendments to the Alternative Mortgage Transaction Parity Act (AMTPA)

On July 21, 2011, amendments to the Alternative Mortgage Transaction Parity Act (“AMTPA”) take effect pursuant to section 1083 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). The amendments will affect what laws apply to mortgage loans issued by state chartered or licensed lenders after that effective date.

Miss April Bulletin 11-1