Ms. Weissgold’s national practice concentrates on mortgage banking and other consumer products, focusing on state and federal regulatory compliance matters in both the primary and secondary markets. This includes:
- Counseling clients on compliance with state and federal laws that regulate consumer financial products and services
- Working with state regulators to obtain approvals, licenses or regulatory guidance
- Assist in developing compliance programs
- Defend administrative enforcement actions (including state government audits, single or multi-state examinations, and investigations) and assist in litigation involving regulatory compliance issues
Ms. Weissgold has an active practice representing bank and non-bank lenders and appraisal management companies on valuation issues. She advises clients on compliance with federal and state valuation laws. These include, for example, appraisal independence requirements under the federal Truth in Lending Act, Interagency Appraisal and Evaluation Guidelines, Financial Institution Reform, Recovery and Enforcement Act, Fannie Mae and Freddie Mac Appraisal Independence Requirements, Equal Credit Opportunity Act, and state appraisal management company (AMC) laws, appraiser laws, and real estate broker laws.
She also acts as regulatory counsel to the FAIR Coalition and defends clients in government investigations and enforcement proceedings.
A significant part of Ms. Weissgold’s compliance practice consists of advising clients on state and local laws regulating mortgage lending and other consumer products. She routinely advises national banks and federally chartered thrifts regarding the rules of federal preemption of state consumer finance laws and surveys state law requirements potentially applicable to their consumer finance operations.
She also advises non-bank lenders on compliance with laws including those governing licensing, usury, fees, and disclosures in connection with the origination of mortgage and non-real estate related lending programs. She advises servicers on non-default and default loss mitigation requirements. For both bank and non-bank lenders and servicers, she analyzes and provides regulatory counseling, memoranda, opinions and 50-state surveys and fee charts on applicable laws impacting the origination, servicing and sale of mortgage loans and consumer loan products. This also includes advising secondary mortgage market participants on legal liability arising from federal and state anti-predatory and other abusive lending laws and defending state examination and enforcement actions.