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CFPB Integrated Mortgage Disclosures

Days Until the Integrated Mortgage Disclosure Rule Goes into Effect


The Consumer Financial Protection Bureau (CFPB) has released its final rule for new integrated mortgage disclosures. The rule integrates forms required under the Truth-in-Lending Act (TILA) and Real Estate Settlement and Procedures Act (RESPA). This page will provide details and information to help ALTA members implement and comply with the rule.

The closing process will significantly change as a Loan Estimate will replace the current Good Faith Estimate and early TIL disclosure, while a Closing Disclosure will replace the HUD-1 and final TIL disclosure.

The CFPB has given an implementation deadline of August 1, 2015.

Submit Your Questions/Comments about the rule to ALTA here

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ALTA Blog

Follow ALTA’s blog for updates and analysis of the rule, as well as answers to questions about the disclosures that were submitted to ALTA. Sample posts:

Additional Information and Resources

Data standards

Freddie Mac and Fannie Mae have released a common industry dataset, called the Uniform Closing Dataset, which leverages and maps to Mortgage Industry Standards Maintenance Organization (MISMO) data standards, to support implementation of the TILA/RESPA Closing Disclosure form.

Conference Calls/Presentations/Webinars

ALTA Congressional Testimony

Legislative Proposals to Improve Transparency and Accountability at the CFPB

Rob Chapman - May 20, 2014

What You Can Do

Join the Title Action Network to keep up-to-date about the rule and how you can take action.


Report RESPA Violations

If you want to report a possible violation of the Real Estate Settlement and Procedures Act (RESPA), email whistleblower@cfpb.gov. Include any evidence and contact information so that investigators may contact you. To the extent consistent with law enforcement needs, the Bureau will not disclose your identity and will maintain confidentiality as permitted by federal laws.


News on the Consumer Financial Protection Bureau

October 29, 2014 Transitioning to Integrated Disclosures
HousingWire | October 28, 2014
Creating the new integrated disclosures requires a fundamental change in the flow of information. Today, lenders send HUD data to settlement agents, and those settlement agents prepare the final HUD-1, ensuring that fees and line items are correct and properly formatted. With integrated disclosures, that information flow is reversed.
October 28, 2014 Follow ALTA’s Blog for Updates on the CFPB’s Integrated Mortgage Disclosures
Have a question or concern about the Consumer Financial Protection Bureau’s final rule for integrated mortgage disclosures? You can submit questions and follow ALTA’s blog for the answers.
October 7, 2014 ALTA Offers Recommendations to Aid Implementation of the Integrated Mortgage Disclosures
Joining 15 other associations, ALTA encouraged the Consumer Financial Protection Bureau to provide written authoritative guidance, to continue actively participate in conferences and forums, provide additional examples of completed forms for different loan products, maintain contact with industry vendors and resolve conflicting regulations.
October 7, 2014 ALTA Blog: How to Disclose the Discounted Premium on the Integrated Mortgage Disclosure Forms
There has been some confusion as to how to disclose discounted premiums on the CFPB's integrated mortgage disclosure forms. In a situation where there is a discounted premium, the discounted premium should be disclosed in lieu of disclosing the full amount and the applicable discount separately. Read on for more details.
September 30, 2014 Wells Fargo Details Plans for Production, Delivery of CFPB’s Closing Disclosure
Wells Fargo detailed plans on how it will handle production and delivery of the Closing Disclosure once the form goes into effect Aug. 1, 2015. In a newsletter to its settlement agents, the lender also said it plans to continue collaborating with settlement agents to schedule and conduct closings, and develop processes to improve data exchange. Sharing of data needed to complete the Closing Disclosure is why it will be essential for title professionals to implement Best Practices and safeguard customer information. Read on for more details on the plan Wells Fargo has for the Closing Disclosure.
September 30, 2014 ALTA Blog: Endorsement Fees: To Include or Not to Include?
As title professionals handling closings become more familiar with the CFPB’s integrated mortgage disclosure forms, some questions have come up regarding disclosing endorsement charges. Since the final rule does not address endorsement charges and only speaks to disclosing the policy premium, there is no clear guidance as to how to disclose endorsements. Read on for input from ALTA's Integrated Mortgage Disclosures Task Force.
September 30, 2014 CFPB to Host FAQ Webinar on RESPA-TILA Integrated Disclosures
The Consumer Financial Protection Bureau's next webinar to answer frequently asked questions regarding the RESPA-TILA Integrated Disclosures rule will be held from 2-3 p.m. EDT, Wednesday, Oct. 1.
September 23, 2014 ALTA Offers Suggestions to Improve CFPB’s Proposed Consumer Complaint Database
September 16, 2014 ‘Nothing in the New Forms that Will Put You Out of Business’
September 16, 2014 ALTA is Your One-stop Shop for Information on Implementation of the New Closing Disclosure
September 9, 2014 CFPB Updates TILA-RESPA Compliance Guides, Creates Timeline
September 2, 2014 Breaking Down Liability for the CFPB’s TILA-RESPA Mortgage Disclosures
August 26, 2014 Two ALTA Associate Members Named to CFPB E-Closing Pilot Program
August 19, 2014 Preparing for the CFPB's Integrated Mortgage Disclosures: What Document Should Be Used for Sellers After August 2015?
August 5, 2014 10 Questions to Ask Now to be Ready for Implementation
August 5, 2014 Loans that the Integrated Mortgage Disclosures Must be Used
August 5, 2014 Is Consummation the Same as Closing or Settlement?
August 5, 2014 A Look at Details of CFPB Regulations for Integrated Mortgage Disclosures
August 5, 2014 The New CFPB Rule, Data Sharing and Archive
July 31, 2014 CFPB Proposal Would Create Yelp-like System for Financial Services
July 29, 2014 ALTA Meets with CFPB to Discuss Implementation Challenges of New Disclosures
July 15, 2014 CFPB to Hold Field Hearing in Texas on Consumer Complaints
June 17, 2014 House Committee Approves Bill to Create Small Business Advisory Board at CFPB
May 20, 2014 ALTA President to Testify Before Congress
May 20, 2014 Owner’s Policies Labeled 'Optional' But Education Is Not
May 13, 2014 Prepare Now for the CFPB's Integrated Mortgage Disclosures
May 13, 2014 GSEs to Hold Webinar on Uniform Closing Dataset
May 6, 2014 CFPB Seeks Participants for E-closing Pilot Program
April 29, 2014 ALTA CEO Participates in Forum Addressing Mortgage Closing Process
April 22, 2014 CFPB Releases Guide to Complete Integrated Mortgage Disclosures
April 22, 2014 View Livestream of CFPB's Forum on Improving the Closing Process on Wednesday
April 15, 2014 ALTA Discusses Calculating Simultaneous Issue Rates on New Integrated Mortgage Disclosures With CFPB
April 8, 2014 Bipartisan CFPB Reform Legislation Introduced with ALTA Input
April 1, 2014 CFPB Releases Compliance Guide for Integrated Mortgage Disclosures
March 25, 2014 ALTA Blog: What Document Should Be Used for Sellers After Aug. 1, 2015?
March 25, 2014 GSEs Publish Uniform Closing Dataset to Support CFPB’s Closing Disclosure
March 18, 2014 Top Ops Hurdles Created by CFPB Disclosures
February 11, 2014 ALTA Encourages Consumer Education, Uniformity of Documents to Improve Closing Process
January 28, 2014 CFPB Updates Settlement Cost Booklet
January 21, 2014 3 Things Not Included in the CFPB’s Final Integrated Disclosures Rule
January 7, 2014 CFPB Seeks Info to Improve Closing Experience
November 26, 2013 CFPB Releases Final Regulation for Integrated Mortgage Disclosures
November 19, 2013 ALTA CEO to Testify during CFPB Field Hearing on Integrated Mortgage Disclosures
November 19, 2013 Report: New Integrated Mortgage Disclosures to Go Into Effect August 2015
Bloomberg | November 19, 2013
July 16, 2013 CFPB Updates Timeline for Release of Final Mortgage Disclosure Rule
July 9, 2013 Three Things to Prepare Now for New Mortgage Disclosures
July 2, 2013 CFPB Director Acknowledges ALTA Concerns with Three-day Rule
December 18, 2012 UPDATE: CFPB Says Disclosure Testing Not Intended for RESPA-TILA Forms
November 8, 2012 ALTA Urges CFPB to Preserve Role of Independent Third-party Settlement Agents
November 1, 2012 Title Agents, Attorneys Should Prepare for Software/Hardware Changes to Accommodate Proposed Mortgage Disclosures
September 27, 2012 Tips on Commenting to CFPB About Proposed Mortgage Disclosures
September 20, 2012 CFPB: New Mortgage Disclosures Won’t Saddle Industry with Major Cost Increase
September 18, 2012 Title Agents, Settlement Service Providers Respond to Requests from Third-party Vetting Companies
September 18, 2012 Ten Associations Urge CFPB to Adopt Broad Qualified Mortgage Rule, Safe Harbor
September 13, 2012 Market Demands on Lenders Impacting Settlement Service Providers
September 11, 2012 ALTA Joins Letter Urging CFPB to Drop ‘All In’ APR Proposal
September 6, 2012 CFPB Extends Comment Period for Proposed Finance Charge Changes
August 14, 2012 ALTA Members Can Access Webinars on CFPB’s Proposed Regulations and Mortgage Disclosures
August 9, 2012 ALTA Webinar Discusses How CFPB's Proposed Three Day Rule Will Impact Business
July 31, 2012 ALTA Webinar Analyzes CFPB’s Proposed Loan Estimate and Closing Disclosure
July 17, 2012 ALTA Hosts Conference Call With More than 300 Members to Discuss CFPB Proposed Rule and Mortgage Disclosures
July 10, 2012 Some Positive Signs in CFPB’s Proposed Rule, but Industry’s Role in Transaction Could Be Threatened
June 21, 2012 ALTA President Outlines Principles for Successful Mortgage Disclosures during Congressional Hearing
June 19, 2012 ALTA President to Testify during Congressional Hearing on Mortgage Disclosures
June 19, 2012 ALTA Hosts Successful Roundtable with CFPB on New HUD-1
June 5, 2012 ALTA Urges CFPB to Improve Average-Charge Regulations
May 25, 2012 CFPB Roundtable with ALTA Members
May 10, 2012 Efforts to Create New HUD-1 Debated at Federal Conference
April 23, 2012 ALTA Comments on Final Draft of New HUD-1
April 23, 2012 Borrowers Receive Between 2-3 Good Faith Estimates Per Transaction According to ALTA Survey
April 17, 2012 ALTA Comments on Last Draft of New HUD-1; New Forms Will Be Proposed in July
April 2, 2012 New Closing HUD-1 at the Top of CFPB's Agenda Says CFPB Director to Chamber of Commerce and House Financial Services Committee
March 27, 2012 A New HUD-1 is Coming . . . Will You Be Ready?
March 26, 2012 ALTA Participates in CFPB Roundtable on RESPA/TILA Forms
March 19, 2012 ALTA to Participate in CFPB and Small Business Administration Panel on RESPA/TILA Forms and Other Upcoming Rules
March 15, 2012 ALTA Details Implementation Cost of CFPB’s Draft Mortgage Disclosure on Settlement Providers
March 8, 2012 ALTA Members Share Concerns of Draft Mortgage Disclosures With Small Business Panel
February 28, 2012 Four ALTA Members to Participate on Small Business Panel Addressing New Mortgage Disclosure Forms
February 23, 2012 CFBP Considering Two Options for Delivery of New HUD-1 to Consumer
February 21, 2012 CFPB Releases Final Round of Draft Disclosure Forms
February 21, 2012 Small Business Panel to Review Impact of New Disclosures
February 2, 2012 Deadline for New HUD-1 Rules Nears; ALTA Asks for Opportunity to Review
January 26, 2012 CFPB Releases Third Round of New Closing Disclosure Prototypes
January 3, 2012 ALTA Letter to CFPB Highlights Concerns of Latest Draft Closing Disclosure
December 20, 2011 Deadline Dec. 21 to Comment on Second Round of Draft Settlement Disclosure Form
December 15, 2011 CFPB Releases Second Round of Draft Settlement Disclosure Form
December 6, 2011 ALTA Task Force Meets With CFPB; Shares Concerns of Draft Final Disclosure
November 22, 2011 ALTA RESPA Task Force Comments on First Round of Draft Final Disclosure
November 8, 2011 CFPB Unveils Initial Drafts of Closing Disclosure
November 8, 2011 ALTA RESPA Task Force Addresses Concerns Over Initial Mortgage Disclosure
October 18, 2011 CFPB Unveils Latest Round of Disclosure Prototype; Turns Sights to Closing Document
October 11, 2011 CFPB Says One More Round of Mortgage Disclosure before Turning to HUD
October 4, 2011 RESPA Task Force to Press CFPB About New HUD-1, Mortgage Disclosures
September 22, 2011 ALTA Submits Letter to CFPB Addressing Mortgage Disclosure Issues
September 13, 2011 CFPB Releases Fourth Round of Combined Mortgage Disclosure Forms
August 11, 2011 ALTA Comments on Third Round of Mortgage Disclosure Forms
July 14, 2011 ALTA President Shines During Congressional Hearing
July 7, 2011 ALTA Addresses Problems of Roll-up Lines and Lack of Itemization on HUD-1
May 19, 2011 ALTA Urges Members to Comment on CFPB’s Initial Mortgage Disclosure Prototypes
November 23, 2010 ALTA’s RESPA Task Force Meets with CFPB Leadership

For More Information Contact

    Justin B. Ailes
Vice President of Government & Regulatory Affairs
E-Mail: jailes@alta.org
Phone: 202-296-3671 Ext. 215
Contact Me About: Federal Legislative and Regulatory Issues, NAIC

    Steve Gottheim
Legislative & Regulatory Counsel
E-Mail: sgottheim@alta.org
Phone: 202-296-3671 Ext. 230
Contact Me About: Federal Legislative and Regulatory Issues, Legal Issues, Best Practices Inquiries

    Jessica McEwen
Director of Political Affairs
E-Mail: jmcewen@alta.org
Phone: 202-296-3671 Ext. 233
Contact Me About: Federal Legislative and Regulatory Issues, TIPAC

    S. Madeleine Nagy
Director of State Government Affairs
E-Mail: mnagy@alta.org
Phone: 202-296-3671 Ext. 329
Contact Me About: State Government Affairs Issues

    Awesta Sarkash
Grassroots and Advocacy Coordinator
E-Mail: asarkash@alta.org
Phone: 202-296-3671 Ext. 212
Contact Me About: Title Action Network (TAN) Inquiries

    Wayne M. Stanley
Manager of Public Affairs
E-Mail: wstanley@alta.org
Phone: 202-296-3671 Ext. 221
Contact Me About: Social Media, Press Releases, Title Action Network (TAN) Inquiries



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How To Find Us:
American Land Title Association
1828 L Street, NW, Suite 705
Washington, DC 20036-5104
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
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