Fannie Mae announced a newly redesigned Uniform Residential Loan Application (URLA) along with a corresponding standardized Uniform Loan Application Dataset (ULAD) Mapping Document. The redesigned URLA will improve the borrower experience while promoting enhanced and consistent data standards throughout the loan manufacturing process. Fannie Mae has not established when lenders will be required to use the redesigned URLA. However, lenders who are ready to do so may start using the redesigned URLA as of January 1, 2018. Lenders may not use the redesigned URLA prior to January 1, 2018.
State Compliance Summary
Tennessee Increases Permissible Interest Rate for Closed-end Loans under Industrial Loan and Thrift Companies Act
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
April 1, 2025
