Title XIV (Mortgage Reform)

Title XIV, known as the Mortgage Reform Act, aims to improve transparency and fairness in the mortgage lending process. It requires lenders to provide clear, understandable information about loan terms and costs, including disclosure of all fees and risks. The law enhances consumer protections by ensuring borrowers are well-informed before committing to a mortgage, reduces predatory lending practices, and promotes responsible lending. Overall, it helps borrowers make better decisions, fostering a more transparent and fair mortgage market.