Summary outlines proposed mortgage disclosures
Sept. 14, 2016 -- A summary of proposed CFPB amendments to federal mortgage disclosure requirements required under the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) has been published by NASCUS.
The amendments, the summary points out, are intended to memorialize the Bureau’s previously issued informal guidance, clarifications and technical amendments. The summary highlights several substantive amendments proposed.
Comments are due to CFPB by Oct. 18