ALTA Comments on Last Draft of New HUD-1; New Forms Will Be Proposed in July
April 17, 2012
ALTA submitted two comment letters to the Consumer Financial Protection Bureau as Monday (April 16) was the deadline to submit feedback regarding the draft mortgage disclosures. Among its recommenations, ALTA suggested the Settlement Disclosure be reordered to ensure settlement agents continue in their role of delivering RESPA-required information to consumers while lenders provide TILA-required information.
Contact ALTA at 202-296-3671 or communications@alta.org.