An Express Article from the California Land Title Association
Bulletin 12/13-5 - July 11, 2012
The Consumer Financial Protection Bureau (CFPB) on Monday released a Proposed Rule to integrate mortgage disclosures required under the Truth in Lending Act (TILA) and Real Estate Settlement and Procedures Act (RESPA). The proposed forms will replace the current TIL, GFE and HUD-1.
The 1,100 page proposed rule, which can be viewed here, will be open for public comment until November 6.
For additional information on the CFPB proposed rule and mortgage forms, please visit the ALTA website.