Troutman Sanders LLP: CFPB Announces Third Round of Public Comments for Mortgage Disclosure Forms

By David N. Anthony . John C. Lynch . Ashley L. Taylor, Jr. and Jarrod F. Loadholt 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...

Troutman Sanders LLP: CFPB Initiates Round Four of Public Comment on Mortgage Disclosure Forms

By David N. Anthony and Robert M. Luck, III The Consumer Financial Protection Bureau has moved into the fourth round of its Know Before You Owe effort to revamp and simplify mortgage disclosure forms. This advisory describes what options are included in the latest round and what steps the...

Ballard Spahr LLP: CFPB Proposes Integrated TILA-RESPA Forms and Related Rules

By Richard A. Andreano, Jr. , and Stanley D. Mabbitt Elizabeth Warren's dream of a one-page mortgage disclosure form is officially dead. On July 9, 2012, the CFPB released its long-awaited proposed rule consolidating the application and closing disclosures required by the Real Estate Settlement...

Ballard Spahr LLP: Temporary Exemptions Adopted for Mortgage Disclosures

By the Mortgage Banking Group As expected, on November 16, 2012, the Consumer Financial Protection Bureau adopted a temporary exemption for certain mortgage disclosure requirements added by the Dodd-Frank Act. This exemption will allow the disclosures to be implemented along with the proposal to integrate...