CFPB Updates TILA-RESPA Compliance Guides, Creates Timeline
September 9, 2014
The Consumer Financial Protection Bureau has updated its Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule.
Also available is a guide for the Loan Estimate and Closing Disclosure forms. Additionally, the CFPB has created a timeline to help understand the timing requirements under the rule. This timeline illustrates the process and timing of disclosures for one specific real estate purchase transaction under the TILA-RESPA Integrated Disclosure rule that will become effective on Aug. 1, 2015.
Contact ALTA at 202-296-3671 or [email protected].