Category: Final rule

Federal Mortgage Disclosure Requirements under the Truth in Lending Act (Regulation Z)

The Bureau of Consumer Financial Protection (Bureau) is amending Federal mortgage disclosure requirements under the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA) that are implemented in Regulation Z. The amendments relate to when a creditor may compare charges paid by or imposed on the consumer to amounts disclosed on a Closing Disclosure, instead of a Loan Estimate, to determine if an estimated closing cost was disclosed in good faith. 

Final rule

Read it on the Federal Register - May 2, 2018

View pdf  - April 26, 2018

Proposed rule

Read it on the Federal Register - Aug. 11, 2017

View pdf  - July 7, 2017