The Consumer Financial Protection Bureau has released its 16th edition of Supervisory Highlights, detailing the findings from the supervision team’s first round of mortgage origination compliance under the TILA-RESPA Integrated Disclosure.
The bureau provided a list of violations regarding the Loan Estimates and Closing Disclosures, including failures to provide consumers with a list identifying at least one available settlement service provider, if the creditor permits the consumer to shop for a settlement service, among other violations.
Read on for more details from the bureau’s report.
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