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    The CFPB posted an announcement to their website today. Statement by CFPB Direc
    The new Loan Estimate and Closing Disclosure requirements



    The new Loan Estimate and Closing Disclosure requirements – effective August 1, 2015 – will combine two existing disclosure regimes under TILA and RESPA and make mortgage disclosure easier for consumers to understand and use. Here are some links to help guide you in using the new forms.

    Compliance guide: A plain-language guide to the new rules in a FAQ format which makes the content more accessible for industry constituents, especially smaller businesses with limited legal and compliance staff.

    Guide to forms: Provides detailed, illustrated instructions on completing the Loan Estimate and Closing Disclosure.

    Disclosure timeline: Illustrates the process and timing of disclosures for a sample real estate purchase transaction.

    Integrated loan disclosure forms & samples: Downloadable Loan Estimate and Closing Disclosure forms in both English & Spanish and samples for different loan types.