October 19, 2010
The Consumer Financial Protection Bureau (CFPB) released a sample draft of a new combined RESPA/TILA/GFE form during a roundtable discussion about simplifying mortgage disclosures. The new sample form was created by the Federal Reserve Board and HUD, and is not a final proposal from the agency. It is expected that the CFPB will create a final new form by the July 2012 deadline set by law. ALTA’s RESPA Implementation Task Force is going through the sample form in order to provide constructive input.