Resources for closing changes
These resources explain how the new rules from the Consumer Financial Protection Bureau, going into effect October 3, will change your clients' closings.
Texas REALTOR® magazine article
A two-page article in the May 2015 issue of Texas REALTOR® magazine titled "The rules for closings are changing August 1" pares down the regulations and explains what you need to know to serve your clients. This article was written before the implementation of the rules was delayed until October 3; all other information in this article is correct.
A new form just for Texas REALTORS®
The Texas Association of REALTORS® created an authorization form you can use to stay in the loop about closing documents after federal rules change.
Review the rules with a mortgage lender
Tamara Tapman of SWBC Mortgage reviewed the closing changes in the Housing Initiatives webinar on Oct. 27.
Advice from a title company
Dawn Moore, president of the Texas Land Title Association, discussed the changes and what they mean for lenders, REALTORS®, and clients during a May 28 webinar. This webinar was produced before the implementation of the rules was delayed until October 3; all other information in this webinar is correct.
A 90-second video
The May 2015 Texas REALTOR® Magazine Minute video has a rundown of the major changes. This video was produced before the implementation of the rules was delayed until October 3; all other information in this video is correct.
Resources for consumers
See samples of the new forms and consumer-focused resources on the Consumer Financial Protection Bureau's website.
The CFPB's real estate professional's guide has explanations and materials you can share with clients.