In preparation for the upcoming TILA-RESPA Integrated Disclosures Rules, the Consumer Financial Protection Bureau (CFPB) has released a guide for consumers shopping for mortgages prior to the August 1, 2015 deadline. According to CFPB Director Richard Cordray, the Bureau is “releasing this toolkit in advance of the effective date to help the mortgage industry come into compliance with the new rules.”
You can read the brief synopsis of the guide on the American Bankers Association’s (ABA) website.
To read the CFPB’s announcement of the toolkit, you can visit www.consumerfinance.gov.
You can download the guide here.