11/20/13 8:22 AM

CFPB Fact sheet: Sneak peek of what we can expect to see in the Final Rule

3 day rule -  Only 3 reasons for delay are a 1/8 change in APR, a change in loan product and addition of a prepayment fee can cause the trigger of restarting a new 3 day waiting period.

The word optional stays on the Loan Estimate and appears to be added to Closing Disclosure next to Owner’s Title Insurance

No machine readable requirement

 No all in APR

Topics: Regulatory and Compliance

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