I received an email today from one of my lending partners detailing the pending changes in the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) disclosure requirements. Just to refresh your memory, RESPA is "the act designed to protect potential homeowners and enable them to become more intelligent consumers. It requires lenders to provide greater amounts of information to borrowers at certain points in the loan settlement process". TILA is "the federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost to standardize the manner in which costs associated with (3 comments)