respa: How to prepare for the upcoming TILA/RESPA changes
- 06/25/15 12:57 AM
Last week, the Consumer Finance Protection Bureau (CFPB) announced that the TILA/RESPA Integrated Mortgage Disclosure rule, which has so many in the real estateindustry chewing on their fingernails, would now be starting October 1. That’s a two-month reprieve for mortgage lenders, real estate agents, real estateattorneys, title and escrow companies. And, they’ll need every minute of it to get up to speed with how the new TILA/RESPA details will play out. For those of you playing along at home, Federal law requires lenders to provide two different disclosure forms to consumers applying for a mortgage. The law also generally has required two different forms at or shortly before closing on the loan. Two different Federal … (1 comments)
Last week, the Consumer Finance Protection Bureau (CFPB) announced that the TILA/RESPA Integrated Mortgage Disclosure rule, which has so many in the real estateindustry chewing on their fingernails, would now be starting October 1.
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