Small business review panel for integration of TILA and RESPA mortgage disclosure requirements rulemaking

This Panel Report addresses the CFPB’s proposal to integrate the mortgage disclosures that consumers currently receive under the Truth in Lending Act (“TILA”) and Real Estate Settlement Procedures Act of 1974 (“RESPA”). This report includes the following:

  • Background information on the proposals that are being considered by the CFPB and were reviewed by the Panel;
  • Information on the types of small entities that would be subject to those proposals and on the small entity representatives (“SERs”) who were selected to advise the Panel;
  • A summary of the Panel’s outreach to obtain the advice and recommendations of those SERs;
  • A discussion of the comments and recommendations of the SERs
  • A discussion of the Panel findings
Full report

Final report of the small business review panel on the CFPB's proposals under consideration for integration of TILA and RESPA mortgage disclosure requirements

Panel Documents

Outline of proposals under consideration and alternatives considered

Discussion issues for small entity representatives

Press release: CFPB Convenes Small Business Panel for Know Before You Owe Mortgage Disclosures

Blog post: SBREFA, Small Providers, and Mortgage Disclosure