CFPB to Host Public Hearing on Integrated Mortgage Disclosures
November 5, 2013
The Nov. 20 field hearing in Boston will feature remarks from CFPB Director Richard Cordray on the Bureau’s efforts to combine overlapping federal disclosure forms required by the Truth in Lending Act and Real Estate Settlement Procedures Act. A new Closing Disclosure will replace the HUD-1 and revised TIL disclosure, while a Loan Estimate will replace the GFE and early TIL.
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