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TILA/GFE Reform, Fair Lending and RESPA Tolerances Rank as Mortgage Lenders’ Greatest Compliance Concerns

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TILA/GFE Reform, Fair Lending and RESPA Tolerances Rank as Mortgage Lenders’ Greatest Compliance Concerns Powered By Docstoc
					
				
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posted:4/17/2012
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Description: LAGUNA HILLS, Calif.--(EON: Enhanced Online News)--The Consumer Financial Protection Bureau has made designing a new disclosure form that combines the Truth in Lending Disclosure (TIL) and Good Faith Estimate (GFE) a top priority in 2012. The pending reform also ranks as lenders’ greatest compliance concern according to QuestSoft’s fourth annual compliance survey. The combined TILA/GFE disclosure was cited by 48 percent of lenders as a high concern, with an additional 33 percent citing the refor a style='font-
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