11/19/2013 Today the CFPB released the Integrated Mortgage Disclosure Rule also known as "Know Before You Owe." You can find the entire rule, summaries of the rule, and other information by clicking this link.
NEW CFPB RULES WILL CHANGE THE SETTLEMENT PROCESS
Driving More Change . . . Are you Informed (really)?
The Consumer Financial Protection Bureau (CFPB) has issued their long awaited proposed rule (it is a 1099 page regulation by the way) that includes a new settlement statement. So what does this mean? How will your relationships change, especially with lenders? What are the new deadlines for disclosure to consumers? How are tolerances being expanded? And what do the new forms look like? These are just a few of the topics we will touch on in this initial Primer on the proposed rule. We will keep you posted!
Click here to review all Primers, Updates, and the current Forms.
Welcoming our New Employees
- Brenda Morrow (Winter Park)