CFPB issues 2017 TILA-RESPA final rule and Executive Summary

The Bureau has issued a final rule (2017 TILA-RESPA Rule) amending and clarifying certain mortgage disclosure provisions implemented in Regulation Z. To support implementation of the 2017 TILA-RESPA Rule, the Bureau has issued an Executive Summary.

We have also issued a notice of proposed rulemaking regarding when a creditor may use a Closing Disclosure, instead of a Loan Estimate, to determine if an estimated closing cost was disclosed in good faith and within tolerance. The 2017 TILA-RESPA Rule does not make changes or clarifications related to this issue. Comments on the proposal are due 60 days after it is published in the Federal Register.

You can access the 2017 TILA-RESPA Final Rule on the Bureau’s website.

You can access the proposal on the Bureau’s website.

You can access the Executive Summary here.