Options within the CFPB’s Proposed Closing Disclosure form could potentially displace title insurance agents from our role in the closing process.

The Consumer Financial Protection Bureau (CFPB) recently released its Proposed Rule to simplify and improve mortgage disclosure forms. Of significance to our members is the new Closing Disclosure form, which will replace the HUD-1 and the Truth-in-Lending disclosure. Please read our July 24, 2012, Call to Action for more information, including a special email address for your comments. NOTE: Comments are due no later than November 6, 2012. ATG will submit comments to the CFPB on behalf of the memberhsip.