• Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 8/8/2012

Regulatory Practice Letter (RPL) #12-14 

Integration of TILA and RESPA Mortgage Disclosures -
CFPB Proposed Rule
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The Bureau of Consumer Financial Protection (“CFPB” or “Bureau”) released a proposed rule on July 9, 2012 that would implement the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) that direct the CFPB to combine into a single document certain mortgage disclosures required to be delivered to consumers when applying for and closing on a mortgage loan pursuant to Regulation Z (which implements the Truth-in-Lending Act , or “TILA”) and Regulation X (which implements the Real Estate Settlement Procedures Act, or “RESPA”).