With Time Winding Down on Integrated TILA/RESPA Disclosure, Is Your Institution Ready?

As the August implementation date approaches for the new mortgage disclosure rules, the Consumer Financial Protection Bureau (“CFPB”) has issued an updated Supervision and Examination Manual. The manual provides guidance on how the CFPB will examine financial institutions and other participants for compliance with the Truth in Lending Act (“TILA”) and the Real Estate Settlement Procedures Act (“RESPA”).

Since the original integrated disclosure rule was issued, there have been a number of changes made to Regulation X and Regulation Z, so this updated examination manual is a valuable resource for developing compliance resources for your institution. Of course, the rules themselves are the most important framework for your compliance program on the TILA/RESPA disclosures. If you require assistance, please contact Spilman.


By R. Scott Adams

R. Scott Adams

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