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New Consumer Finance Protection Bureau Guidelines Increase Timelines

Posted By Wally Reule @ Oct 16th 2015 7:25pm In: Miscellaneous

The new guidelines mandated by the Dodd-Frank Act are good protections for consumers, but they do add quite a bit of time to a residential transaction, if it is to be financed. The days of the thirty day close are history, and you should now count on 45 days from date of acceptance until close of escrow.

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