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July 2015

DETERMINING WHETHER SOMETHING IS A PART OF REALTY OR PERSONALTY FOR PURPOSES OF LIABILITY UNDER THE PENNSYLVANIA SUBDIVISION TORT CLAIMS ACT

By: Steven M. Liero, Esquire
When an action is brought against a political subdivision, such as a school district or a municipality, a question arise whether the claim falls within an exception to the immunity enjoyed by the subdivision.

AN OVERVIEW OF THE TILA/RESPA INTEGRATED DISCLOSURE RULE AND ITS IMPACT ON THE RESIDENTIAL REAL ESTATE TRANSACTION PROCESS

By: Angela B. Kosar, Esquire
For those of us actively handling residential real estate transactions, whether you are an attorney, title agent, realtor, or lender, a significant change to the familiar procedures will take effect on October 3, 2015.  As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the overlapping and at times contradictory provisions of the Truth In Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) have been consolidated and clarified into what will now be known as the TILA/RESPA Integrated Disclosure rule (TILA/RESPA rule for short).  Here are some of the key changes that will impact the residential real estate transaction process going forward.