Blog Posts from Real Estate

Residential Real Estate Mortgage Loan Commitment Letters

Residential Real Estate Mortgage Loan Commitment Letters

Oct 01, 2018
The Vermont Department of Financial Regulation (DFR) now requires mortgage lenders to issue commitment letters in connection with all residential mortgage loans (Regulation B-2018-02, revising the content and timing requirements of residential mortgage loan commitment letters). The new requirements are effective October 1, 2018. Regulation B-2018-02 supersedes and replaces Regulation B-98-1.