The New Closing Disclosure Explained

CFPB8

Ticor Title is pleased to bring you the most up-to-date information regarding the changes coming from CFPB.  In our most recent update, we bring you a first-hand look at the different sections of the Closing Disclosure and explanations of each page.

Important facts to note:

• The new form is 5 pages long
• New form replaces TILA and HUD-1
• One Closing Disclosure is required for each loan
• Charge descriptions on both the Load Estimate and Closing Disclosure must match

For a page-by-page overview of the Closing Disclosure document, please download Ticor’s informational flyer, ‘The New Closing Disclosure Explained’ to learn more.

Click here to download

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