Federal law protects many international money transfers, but only when the company sending the money qualifies as a remittance transfer provider. Learn which financial institutions count, the low-volume safe harbor that excludes some banks and credit unions, and what protections you keep or lose.
Lenders are not required to make Qualified Mortgages. What every lender must do is document and determine your ability to repay the loan. Here is how QM and non-QM loans differ under the Consumer Financial Protection Bureau's rules, and what it means for Colorado borrowers.
Arbitration is a form of alternative dispute resolution where a neutral arbitrator — not a judge — decides a mortgage dispute. Mandatory arbitration clauses are no longer allowed in mortgage agreements, and Colorado borrowers have written dispute rights with their servicer. Here is how the process actually works and what to do if something goes wrong with a loan.
Specialty consumer reporting agencies track your homeowners and auto insurance claims, and insurers use those files to set the policies and premiums they offer you. Here is how to request your reports, review them for incorrect information, and dispute errors — especially before you shop for homeowners insurance on a Colorado home purchase.
Traditional background checks are only part of the picture. Many employers now use credit checks, public records, employment history data, and specialty consumer reports when making hiring decisions — and the rules say you have rights at every step. Here is what Colorado job seekers should know before the background screening process starts.
Mortgage closing documents can contain errors ranging from a misspelled name to an incorrect loan amount or missing pages. Here is what to check in each document, how to catch mistakes before the closing date, and exactly what the Consumer Financial Protection Bureau says to do when you find one.
The principal, or mortgage balance, is the amount you borrowed on your home loan and still owe. Here is how each monthly payment splits between principal and interest, how amortization works, and where Colorado borrowers can find and pay down their balance.
Federal rules say a mortgage lender only needs six pieces of information to issue a Loan Estimate — and cannot require more. So why would you volunteer extra documents like tax returns or bank statements? Because the more the lender knows about your situation, the more accurate the Loan Estimate becomes. Here is what to share, when, and why it matters for Colorado borrowers.
A demand feature lets a lender require early repayment of the entire loan balance, for any reason or no reason. The good news: most mortgage loans do not have one. Here is how to check your Closing Disclosure and promissory note, and what to do if the demand feature box is checked "yes."
TRID falls under two federal laws: the Truth in Lending Act and the Real Estate Settlement Procedures Act. Here is what the TILA RESPA Integrated Disclosure rule is, who enforces it, and what the Loan Estimate and Closing Disclosure mean for Colorado borrowers.