Understand B4 You Owe You'll be able to go back to the primary web page to see a timeline that is interactive.
Here’s a timeline that is full of we created the mortgage Estimate and Closing Disclosure types, element of our recognize Before you borrowed from: Mortgages task. It’s a look straight right back at our work to help make home loan disclosures easier and much more effective, because of the input of those that will use them actually.
You can even go back to the key web web web page to look at a timeline that is interactive.
The Dodd-Frank Wall Street Reform and customer Protection Act is finalized into law.
The law titlemax promo code that is new the CFPB to mix the facts in Lending and real-estate Settlement treatments Act disclosures.
December 6, 2010
The Treasury Department hosts a home loan disclosure symposium.
The big event brought together customer advocates, industry, marketers, and much more to talk about CFPB execution associated with mixed disclosures.
February 21, 2011
Design starts.
Beginning with the appropriate demands therefore the customer at heart, we started sketching model types for evaluating.
With this process, the group talked about initial problems and a few ideas about home loan disclosures. This session set the context when it comes to disclosures and had been a kick off point for their development. The group proceeded to build up these problems and a few ideas over significantly more than a during the development process year.
Know Before Your Debt opens on the web.
We posted the initial two model loan quotes. We asked customers and industry to look at them and inform us just exactly exactly what worked and just just what didn’t. We repeated this procedure for all rounds that are future. Over the course of the next ten months, people presented significantly more than 27,000 feedback.
Might 19, 2011 – Might 24, 2011
Qualitative assessment starts in Baltimore.
