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Bureau finalizes ‘black hole’ fix
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Regulatory Updates
Wednesday, May 2, 2018
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The Consumer Financial Protection Bureau finalized an amendment to its TILA-RESPA Integrated Disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers and disclose them on a Closing Disclosure. The update is intended to provide greater clarity and certainty to the mortgage industry. Read on for more details and for insight from industry experts.
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