Introducing support for Windows 8 and New Pennsylvania Endorsements effective April 1, 2013

   ALTA Consumer Financial Protection Bureau Page

The Closing Disclosure form would replace the current form used to close a loan, the HUD-1, which was designed by HUD under RESPA. It would also replace the revised Truth in Lending disclosure designed by the FRB under TILA. Currently, settlement agents are required to provide the HUD-1, while lenders are required to provide the revised Truth in Lending disclosure. The Bureau is proposing two alternatives for who is required to provide consumers with the new Closing Disclosure form. Under the first option, the lender would be responsible for delivering the Closing Disclosure form to the consumer. Under the second option, the lender may rely on the settlement agent to provide the form. However, under the second option, the lender would also remain responsible for the accuracy of the form. The Bureau seeks comment as to which alternative is preferable.    Consumer Financial Protection Bureau Proposed Closing Disclosure Form    Consumer Financial Protection Bureau Detailed Summary Page

   Click to view the current 3 Page Settlement Sheet
   Click to view the current 4 Page Settlement Sheet

   Click to view a blank current 3 Page Settlement Sheet
   Click to view a blank current 4 Page Settlement Sheet

   Click to view the current Good Faith Estimate manual

   Click to view the current Good Faith Estimate

   Click to view the Frequently Asked Questions page January 28, 2010 version

   Click to view the current Settlement Sheet - HUD Version

John Granger             (610) 929-5154

This page has been accessed times since September 9, 2004