CFPB Releases Sample Mortgage Disclosure Forms

The Consumer Financial Protection Board (CFPB) has released new sample mortgage loan disclosure forms, which combine the Truth in Lending Act and Real Estate Settlement Procedures Act – Good Faith Estimate disclosures into more consumer-friendly two-page forms.  Required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the revised forms are meant to help both consumers and lenders by simplifying the mortgage process.

The forms very clearly define “key loan terms” and demonstrate the total costs of payments at closing, as well as additional costs at varying intervals throughout a 30-year mortgage.

The CFPB will be soliciting comments on this iteration of forms through May 27; it will then incorporate comments into the next round with a series of five revisions of the sample forms.  Final forms are due to the public in July 2012.

In addition to seeking comments from financial institutions and consumers, CFPB will be holding one-on-one interviews throughout the country with interested parties including consumers, lenders, and mortgage brokers.

The forms can be reviewed and evaluated here.


Questions about the CFPB? Contact the Compliance Hotline: 1.800.546.4465, or email us at

Posted in Federal.