ALTA Encourages Their Members to weigh in on the CFPB’s Newest GFE and HUD-1 Prototypes

Over the past several months, the Consumer Financial Protection Bureau (CFPB) has been asking for industry professionals’ feedback on a variety of GFE and HUD-1 prototypes. Today, the American Land Title Association (ALTA) released a request on their website for the members of their association to weigh in on the newest prototypes “to let the CPFB know how these draft forms will impact [their] operations”. The deadline for feedback to the CFPB is April 16th and the CFPB plans to publish the rule and forms by July 21st. Read more about ALTA’s stance on the new forms, the role of lenders and settlement service agents in relation to the new forms, and access the links to view the prototypes.  http://bit.ly/HDzkyi

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