Legal Question in Banking Law in California

Mortgage Rate Regulation

Can anyone please tell me

a) what federal agency regulates the floors on mortgage rates (i.e., is it possible for a lender to offer a residential loan at Prime MINUS 1% or is there an agency that would regulate that)?

b) any suggestions on good treatises/journals/other learning tools for the following: banking law, forming a corporation, the mortgage industry, or how to jump into an in-house position with a newly formed mortgage corporation?

Thanks, all.


Asked on 5/30/08, 1:02 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Mortgage Rate Regulation

You could start with the Federal Reserve website (frb.gov) to look up mortgage and banking regulations. You could browse your local law library, law bookstore or law school bookstore. You could look at legal publishers such as nolo.com, thomson.com, and jamespublishing.com. You could use Google.

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Answered on 5/30/08, 1:58 pm


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