New Closing Rules

The new settlement/closing rules by the Consumer Financial Protection Bureau (CFPB) on residential properties began on October 3, 2015.  Borrowers of residential real estate were given new disclosure forms after that date.  Prior to October 3, 2015, Truth-in-Lending Act-RESPA integrated disclosures (TRID) included the initial and final Truth-in-Lending Act forms, Good Faith Estimate (GFE) and the HUD-1 or Settlement Statement.  The CFPB has ...
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