AAR Updates Seller Financing Addendums

Posted on February 19, 2014 by Scott Drucker

To ensure that its new seller financing addenda reflect the CFPB’s definition of a consumer credit transaction, AAR has revised the three seller financing addenda introduced earlier this year and will continue to do so as may be required to comply with newly issued regulations and policy statements.

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AAR Introduces Four New Forms to Assist With Dodd-Frank Act Compliance

Posted on December 13, 2013 by Scott Drucker

Scheduled to take effect in January 2014, are provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) that impose new restrictions upon seller-financed transactions. When required by applicable state or federal law, these provisions mandate that a loan originator for a consumer credit transaction, secured by a dwelling, must be registered […]

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