The Bureau of Consumer Financial Protection (Bureau) is conducting an assessment of the Integrated Mortgage Disclosures under the Real Estate Settlement Procedures Act (Regulation X) and the Truth-In-Lending Act (Regulation Z) Rule and certain amendments. The Bureau is requesting public comment on its plans for assessing this rule, as well as certain recommendations and information that may be useful in conducting the planned assessment.

The assessment must address, among other relevant factors, the rule or order’s effectiveness in meeting the purposes and objectives of the Dodd-Frank Act and the specific goals stated by the Bureau. The assessment also must reflect available evidence and any data that the Bureau reasonably may collect. Before publishing a report of its assessment, the Bureau must invite public comment on recommendations for modifying, expanding, or eliminating the rule or order.

The Bureau is requesting public comment on the issues identified below as part of the planned assessment.

  • Integration of the mortgage disclosures
  • Disclosure redesign
  • Disclosure provision responsibility
  • Definition of an application
  • Timing requirements
  • Tolerance rules

Comments were due on or before: January 21, 2020.
The notice may be found at: content/pkg/FR-2019-11-22/ pdf/2019-25260.pdf.


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