Perry Law Firm Nevada

CFPB/TRID Rules Pushed Back

CFPB/TRID Rules’ effective date have been pushed back from August 1, 2015 to October 1, 2015.  The Rules were pushed back, in part, to accommodate families busy with going to back to school.

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Bankruptcy Exemptions and Inherited IRAs

When a person files for bankruptcy he/she may exempt certain assets from the bankruptcy estate, including retirement funds (i.e. IRAs) under 11 USC 522(b)(3)(C).  However, in Clark v. Rameker, 134 S.Ct. 2242, the Supreme Court ruled that inherited IRAs do not qualify as retirement funds under that exemption.  The SC focused on three legal characteristics: […]

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Business Records Exception

Generally speaking, Florida omits hearsay evidence unless it falls under one of the acceptable exceptions.  One of those exceptions is the business record.  Here, the business record must pass a 4 prong test, namely: It was made at or near the time of the event recorded, By, or from information transmitted by, a person with […]

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CFPB Issues Integrated Mortgage Disclosure Rule

Recently the Consumer Financial Protection Bureau (“CFPB”) issued its Integrated Mortgage Disclosure Rule (the “Rule”).  The Rule will become effective 8/1/2015 and essentially replace the HUD-1 Settlement Statement with a Closing Disclosure, and, replace the Good Faith Estimate with a Loan Estimate.  The idea is to consolidate and simplify the information.  One significant change is […]

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