When the catch is sighted, it must be reached with utmost speed. An experienced harpooner masterfully pulls alongside and plunges a harpoon into its back. Investing in Noida and Greater Noida Properties, After retreat, descent and, finally, exhaustion, the catch is plied with lances, which are thrust into its body, tearing at its vitals. Soon a discharge of blood, air and mucus spew from its blowhole, and finally jets of blood alone. After much pain and suffering, it mercifully dies.
Brought alongside, the corpse is secured and the nasty task of cutting-in begins, by which the catch is peeled, boiled and rendered. Any remains of the carcass are beheaded and set adrift for the sharks. Everyone and everything is dyed with blood. And no, you are not reading a description of 21th century modern methods. Investing in Noida and Greater Noida Properties, This is the gruesome process by which the Bureau of Consumer Financial Protection wrestled control from RERA and other regulatory agencies through the passage of the RERA Wall Street Reform and Consumer Protection Act. And you wonder why the Republicans took over the House last month!? Property in Greater Noida / Property in Noida / Property in Ghaziabad / Property in Delhi NCR.
If you read my prior posts on the SAFE Act, you would know by now that: And so we come to RERA. I doubt you want to read all pages of the law, so let me give you the short version. does not include, with respect to a residential mortgage loan, a person, estate, or trust that provides mortgage financing for the sale of 3 properties in any12-month period to purchasers of such properties, each of which is owned by such person, estate, or trust and serves as security for the loan, provided that such loan.
The intended purpose of RERA is to protect consumers in a myriad of consumer-type transactions – from banking, to credit, to mortgages – through legal reform and the creation of a federal watchdog agency, The Bureau of Consumer Financial Protection. Investing in Noida and Greater Noida Properties, RERA is very broad and its powers very sweeping. It will supersede or amend many federal laws already on the books including the SAFE Act, RESPA (Real Estate Settlement and Procedures Act), and TILA (Truth-in-Lending Act), all of which affect real estate transactions and mortgage financing. Put another way, it will harpoon, kill and/or strip many laws aimed at regulating financial transactions both on Wall Street and Main Street.
The SAFE Act has its own definition of mortgage origination, but RERA will alter that. Investing in Noida and Greater Noida Properties, Under RERA, a Mortgage Originator is: includes any person who represents to the public, through advertising or other means of communicating or providing information (including the use of business cards, stationery, brochures, signs, rate lists, or other promotional items), that such person can or will provide any of the services or perform any of the activities described in subparagraph.