Skip to content
BOL Conferences
Thread Options
#2006101 - 04/03/15 04:08 PM New exam procedures issued by the CFPB for TILA
FSBT Offline
100 Club
FSBT
Joined: Apr 2002
Posts: 109
Texas
The Consumer Financial Protection Bureau yesterday released examination procedures to help financial institutions know what to expect from exams after the TILA/RESPA integrated mortgage disclosures take effect Aug. 1.

Does anyone have a summary of this? The procedures are 172 pages long.

Return to Top
Audit
#2006103 - 04/03/15 04:16 PM Re: New exam procedures issued by the CFPB for TILA FSBT
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
Well, you could read the Federal Register release of the original rules - but those were 1888 pages long smile
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2006835 - 04/08/15 05:39 PM Re: New exam procedures issued by the CFPB for TILA FSBT
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Got this from a newsletter I subscribe to:

"The narrative portion of the new TILA chapter specific to the TRID rule runs from page 35 through page 50, and the TILA examination procedures specific to the TRID rule run from page 4 through page 42. The narrative portion of the new RESPA chapter specific to the TRID rule is on page 5, and, as discussed above, the RESPA examination procedures include no instructions specific to the TRID rule."

The rest of the document(s) didn't change.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z