Changes to closing process postponed until October 3

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Two hands portioning $1 bills into three stacks

07/22/2015 | Author: Editorial Staff

The Consumer Financial Protection Bureau (CFPB) moved the effective date of changes to the mortgage closing process to October 3. This delay was proposed in June and finalized July 21.

Read the full statement at consumerfinance.gov

If you haven't yet heard about these new federal rules that will affect your clients' closings, visit texasrealestate.com/closings

Categories: Legal
Tags: cfpb, mortgage, closing, tila, respa


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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