Passaic County Board of REALTORS�
Views & News 
Friday, June 17, 2016 
 
 



Call for Action on H.R. 3700 


Please take action and urge the Senate to follow the House's lead by passing H.R. 3700, the "Housing Opportunity Through Modernization Act of 2016." The bill makes needed reforms to the  FHA condominium loan program, federal assisted housing programs and Rural Housing Service loan programs.



Letter to Senate.


Student Debt Delays Home Ownership 


The majority of non-homeowners repaying their student loans on time believe their debt is holding  back their ability to purchase a home, according to a joint survey on student loan debt and housing released by NAR and SALT, a consumer literacy program provided by American Student Assistance.



News release. 
Applications Now Available for

2017 PCBOR� Board of Directors 


Applications are now available if you are interested in serving on the 2017 PCBORBoard of  Directors.  If you are interested in serving, please complete this application by Friday, July 15, 2016.


Nominate a Candidate for the

2016 REALTOR� of the Year 
 
The REALTOR of the Year is a Member who has contributed the most to the advancement of  his/her community and the cause of REALTORS�, as well as had significant involvement in humanitarian services. The individuals so selected by the PCBOR� selection committee, will be honored by NJ REALTORS� at the Triple Play Convention in December. Deadline for PCBOR�

selection committee is July 11th.  
Save During Ram Commercial Truck Season  


Save on the purchase or lease of a Ram truck with FCA US LLC, a REALTOR Benefits� Program Partner. NAR members and Association staff can combine the $500 cash allowance with other RAM Commercial Truck Season incentives for additional savings through June 30. REALTORS� also receive up to eight oil changes with purchase/lease. See requirements prior going to your local dealer.



Details.


Tell Lenders Sharing Closing Disclosure is OK,  
NAR Urges CFPB
 


NAR is asking the Consumer Financial Protection Bureau (CFPB) to make clear to lenders that they may share the Closing Disclosure (CD) with real estate professionals and other third parties as long as the borrower provides consent. In a letter to the CFPB, NAR President Tom Salomone also asked the agency to provide lenders with additional guidance about revising the CD after sending it to the borrower and extend the deadline for correcting minor Know Before You Go errors from 30 to 180 days.


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Passaic County Board of REALTORS | 204 Berdan Avenue | Wayne | NJ | 07470