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CFPB releases disclosure guide
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Regulatory Updates
Thursday, April 24, 2014
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The Consumer Financial Protection Bureau recently released its Guide to Completing TILA-RESPA Integrated Disclosure Forms.
The guide provides instructions for completing the Loan Estimate and Closing Disclosure and also highlights common situations that may arise when completing the forms. It may also be helpful to settlement service providers, software providers and other firms that serve as business partners to creditors. The 96-page report goes through each disclosure page-by-page, explaining each section of the forms.
The guide is a companion to the Small Entity Compliance Guide it released.
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