Skip to content

Difference Between TIL and GFE

Answered by: 

Question: 
What is the difference between a TIL and GFE?
Answer: 

The TIL is a requirement of Reg Z. It explains the APR, Finance Charge, Amount Financed and Total of Payments along with other key terms. Refer to 226.19.

The GFE is a RESPA requirement. It explains fees associated with the home loan. Refer to 3500.7.

First published on BankersOnline.com 1/03/11

First published on 01/03/2011

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics