Report: CFPB Final Rule for Mortgage Disclosures to Cost $1.3 Billion

December 17, 2013

Although the proposed rule provided estimates of costs for creditors, the CFPB now includes the approximately $340 million in costs for settlement agents. Read on for more details on projected costs to implement the CFPB’s final rule to integrate mortgage disclosures required by the Real Estate Settlement Procedures Act and Truth-in-Lending Act.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.