The American Land Title Association (ALTA) is asking the Consumer Financial Protection Bureau to allow trial disclosures for what it calls the accurate disclosure of simultaneous issue title fees.
ALTA was among 32 entities that responded to the bureau’s request for comment on a proposed policy to change its process for trial disclosures.
Read on for details on the proposed policy, which would create a Disclosure Sandbox to carry out the bureau’s authority under Section 1032(e) of the Dodd-Frank Act.
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