Freddie Mac postponed the mandatory use date for the revised Uniform Underwriting and Transmittal Summary (Form 1077). Mandatory use of the revised Form was scheduled to begin on February 1, 2020. Freddie Mac and Fannie Mae are discussing additional changes to the Form, and will provide more information related to the new implementation date as soon as it is available.
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
