CFPB Issues Updated Guides on the TILA-RESPA Integrated Disclosure Rule

The CFPB has released its updated Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule and Guide to the Loan Estimate and Closing Disclosure. These resources replace the editions that were published in the spring of 2014. The CFPB also issued a disclosure timeline resource that illustrates the process and timing of disclosures for a specific real estate purchase transaction under the TILA-RESPA Integrated Disclosure Rule that takes effect on August 1, 2015. These resources are updated to reflect certain clarifications to the rule that were discussed in depth at a recent FAQ webinar co-hosted by the CFPB staff and Federal Reserve Board.

The updated guides, the timeline, and other resources on TILA-RESPA Integrated Disclosure Rule impletion are available here.