By Jann Swanson

Posted To: MND NewsWire

The House Financial Services Committee (FSC) has scheduled a hearing (through its subcommittee on Housing and Insurance) on May 14 titled “TILA-RESPA Integrated Disclosure: Examining the Costs and Benefits of Changes to the Real Estate Settlement Process.” The committee has not released the names of any witnesses but Barbara Mishkin, writing in the Consumer Financial Protection Bureau (CFPB) blog maintained by the law firm of Ballard & Spahr is making some guesses about the direction the hearing will take. New consolidated TILA (Truth-in-Lending Act) and RESPA (Real Estate Settlement Procedures Act) disclosures developed by CFPB are slated to go into effect on August 1 and Mishkin says several FSC members are urging a delay in enforcing use of the forms. Blaine Luetkemeyer (R-MO), chair…(read more)

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Via:: Will Enforcement be delayed as TILA-RESPA Disclosures Begin?

      

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Written by : Mortgage News Daily

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