Third Round of Public Comments for Mortgage Disclosure Forms Announced by Consumer Financial Protection Bureau

Third Round of Public Comments for Mortgage Disclosure Forms Announced by Consumer Financial Protection Bureau

by Troutman Sanders CFPB Team

In what has become one of the CFPB's signature regulatory initiatives - "Know Before You Owe" - the CFPB announced on July 28, 2011 that it would be conducting its third round of public commenting and consumer testing on the proposed two-page Real Estate Settlement Practices Act("RESPA") and Truth in Lending Act ("TILA") mortgage disclosure forms.

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