UDAAP: The Balancing Act - Mortgage Banker Magazine

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UDAAP. A difficult topic. UDAAP is broad in scope and challenging as it crisscrosses with other consumer protection laws and regulations. Fair lending comes to mind. Definitions of each word in UDAAP can be fuzzy and we often need clarity. These definitions are from the Dodd-Frank Act, Section 1031. The risk here is that some …