Contracts for Deed: Survey of State and Federal Laws, Benefits and Risks, Trends and Developments

Mr. Horn is a former Senior Counsel & Special Advisor in the Consumer Financial Protection Bureau’s Office of Regulations and a former Senior Attorney at the FDIC. At the CFPB, he led the final rulemaking for the integrated disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act (the TILA-RESPA Integrated Disclosure rule, also known as “TRID”). He also led the CFPB’s design of the integrated disclosures, as well as the qualitative and quantitative consumer testing of the disclosures. As a key architect of the TRID rulemaking, Mr. Horn is one of the foremost experts on the rule. In private practice and in government, he has worked on consumer compliance and risk management supervisory matters and enforcement actions. Mr. Horn has worked on many regulatory issues, including TRID; TILA, including the Ability-to-Repay/Qualified Mortgage, Loan Originator Compensation, Higher-Priced Mortgage, and HOEPA rules; RESPA (including marketing services agreements, joint ventures/affiliated businesses, and other arrangements that implicate RESPA Section 8); fair lending enforcement and internal reviews under Equal Credit Opportunity Act and Fair Housing Act ; UDAAP; privacy and credit reporting, including FCRA and GLBA; state licensing, disclosure, and fee restrictions and requirements; comment letters on rulemakings; and the Community Reinvestment Act. Mr. Horn advises clients of all sizes, including banks, credit unions, non-bank mortgage lenders and brokers, title underwriters and agents, investors, and technology vendors on all state and federal regulatory compliance matters for consumer lending.

Mr. Wertheim is experienced in commercial and residential real estate matters including acquisition, development and sale transactions, financing, loan defaults, leasing, title matters, subdivisions, and common ownership. He also assists municipal lawyers in the firm on real estate matters and assists on real estate-related litigation as well. Mr. Wertheim is certified by the Minnesota State Bar Association as a Real Property Law Specialist. His clients include The Pemtom Land Company, LIFE TIME FITNESS, and Pratt Homes. Mr. Wertheim is a frequent author and lecturer on real estate law matters.