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Home » Store » RESPA » TILA/GFE Reform, Fair Lending Top Lender Compliance Concerns

TILA/GFE Reform, Fair Lending Top Lender Compliance Concerns

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RESPA

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The forthcoming combined Truth in Lending Act and Good Faith Estimate disclosure form and related rule pending at the Consumer Financial Protection Bureau is at the top of the list of greatest compliance concerns of mortgage lenders, according to the fourth annual compliance survey by QuestSoft, a provider of compliance software and services to the mortgage industry. Of the 426 lenders that were surveyed on their level of anxiety for regulatory changes, a whopping 81 percent identified this CFPB project as at least a medium (33 percent) or a high (48 percent) concern...
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