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”).