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THE END OF THE CLOSING PROCESS AS WE KNOW IT... coming to you in 2015
 
Today Wells Fargo Announced, that IT WOULD BE PREPARING THE CLOSING STATEMENTS AND DELIVERING THEM in 2015.
- Below is the official bulletin released today:
Effective August 1, 2015, our industry will be required to provide a new Closing Disclosure to our customers, as required by the TILA-RESPA Integrated Disclosure Rule. Now that this date is less than a year away, we're hearing more questions from you about this topic, including:
• Who will prepare the Closing Disclosure?
• Who will deliver the Closing Disclosure?
• How will processes change to enable delivery of the Closing Disclosure to the customer for receipt at least three business days prior to closing?
We've been listening to your feedback and understand that you want to know how we plan to meet these new requirements - particularly related to the new Closing Disclosure. Over the next year we will use this newsletter and other communications to provide you with answers to the above questions, as well as additional information to help guide you through these changes.
• Responsibility of Wells Fargo and how we plan to meet the new requirements. The previous edition of this newsletter (June 23, 2014) focused on important details about "evidence of ... more

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