3170-AA48 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3170 Consumer Financial Protection Bureau CFPB Amendments and Corrections to TILA-RESPA Integrated Disclosure Final Rule

Sections 1032(f), 1098, and 1100A of the Dodd-Frank Act directed the CFPB to issue proposed rules and forms that combine certain disclosures that consumers receive in connection with a mortgage loan under the Truth in Lending Act and the Real Estate Settlement Procedures Act. Consistent with this requirement, the CFPB published a final rule on December 31, 2013 that amended Regulation X (Real Estate Settlement Procedures Act) and Regulation Z (Truth in Lending) to establish new disclosure requirements and forms in Regulation Z for most closed-end consumer credit transactions secured by real property. In addition to combining the existing disclosure requirements and implementing new requirements in the Dodd-Frank Act, the CFPB’s final rule provides extensive guidance regarding compliance with those requirements. In late 2014, the Bureau plans to propose an amendment that will provide for technical corrections to the rule text and commentary; allow for certain language related to construction loans to be added to the Loan Estimate form; and also to propose extending a same-day redisclosure requirement for floating interest rates that are locked after the Loan Estimate is first provided. 

]]> Other Significant First Time Published in The Unified Agenda Proposed Rule Stage Undetermined Undetermined 12 CFR 1024.5 12 CFR 1024.30 12 CFR 1024.33 12 CFR 1026.1 12 CFR 1026.2 12 CFR 1026.3 12 CFR 1026.17 12 CFR 1026.18 12 CFR 1026.19 12 CFR 1026.20 12 CFR 1026.22 12 CFR 1026.25 12 CFR 1026.28 12 CFR 1026.37 12 CFR 1026.38 12 USC 2617 12 USC 3806 15 USC 1604 15 USC 1637(c)(5) 15 USC 639(l) 12 USC 5532 No NPRM 10/29/2014 79 FR 64336 NPRM Comment Period End 11/10/2014 No None No No No 3170-AA19 Related to Andy Arculin Office of Regulations 3170 Consumer Financial Protection Bureau CFPB 202 435-7700