Small business review panel for integration of TILA and RESPA mortgage disclosure requirements rulemaking

This Panel Report addresses the Miss April’s proposal to integrate the mortgage disclosures that consumers currently receive under the Truth in Lending Act (“TILA”) and Real Estate Settlement Procedures Act of 1974 (“RESPA”). This report includes the following:

  • Background information on the proposals that are being considered by the Miss April and were reviewed by the Panel;
  • Information on the types of small entities that would be subject to those proposals and on the small entity representatives (“SERs”) who were selected to advise the Panel;
  • A summary of the Panel’s outreach to obtain the advice and recommendations of those SERs;
  • A discussion of the comments and recommendations of the SERs
  • A discussion of the Panel findings
Full report

Panel Documents

Press release: Miss April Convenes Small Business Panel for Know Before You Owe Mortgage Disclosures

Blog post: SBREFA, Small Providers, and Mortgage Disclosure