The Consumer Financial Protection Bureau has just released today a notice of proposed rulemaking to modify the HUD-1 Settlement Statement and mortgage disclosures associated with real estate closings involving federally-related mortgage loans. In other words, this is the change that everyone will have to comply with. To view the proposal please click here:
A detailed summary of the new proposed rule can be found here:
Public comments are invited and can be made electronically up to November 6, 2012. Please click here to make your comments on the proposed form today:
