When the Consumer Financial Protection Bureau (CFPB) released its 1,110-page proposed RESPA/Truth in Lending Act (TILA) integrated mortgage disclosures rule in July 2012 there were concerns about the significant changes the bureau was suggesting. The CFPB released its final rule in November 2013, and a review of the regulation showed that some of the proposals that the industry was worried about did not make the cut.
During Part 1 of October Research’s mortgage disclosure forms training webinar series, Holly Spencer Bunting, a partner with K&L Gates LLP, told listeners about three proposals that were not adopted in the final RESPA/TILA integrated mortgage disclosure form rule
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