New CFPB Rule Going into Effect Soon


As of October 1st 2015 the closing process will go through some major changes. On said date, the CFPB’s Integrated Mortgage Disclosure rule will go into effect. This will mean a couple of things for Real Estate agents:

  1. A new Loan Estimate document will replace the Good Faith Estimate (GFE) and the early Truth-in-Lending (TIL) disclosure.
  2. A new Closing Disclosure document will replace the HUD- 1, and the Final Truth-in-Lending (TIL) disclosure.

Stay ahead of the curve and check out the new documents linked below

New: Loan Estimate

New: Closing Disclosure

You can also check out the American Land Title Association website ( for more information

On top of all this we’d like to include a “Realtor Checklist” that can be used to help ease this transition into these new rules

Realtor Check list pg. 1

Realtor Check list pg. 2

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