IDS President Foresees APR Calculation Challenges in Reg Z Updates; Calls for Clarification from FRB for Mortgage Lenders
SALT LAKE CITY, Utah (SEND2PRESS NEWSWIRE) — Curt Doman, president of International Document Services, Inc. (IDS), a mortgage document preparation vendor, warns interim change to Regulation Z, also known as the Truth in Lending Act (R-1366), could make it more difficult for lenders to accurately calculate an APR for closed end real property transactions.