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May 16, 2018

Bureau updates Know Before You Owe mortgage disclosure rule Small Entity Compliance Guides and Guides to Forms

To support the implementation of the recently issued 2018 TILA-RESPA Rule, on May 15, 2018, the Bureau published updates to both versions of the Small Entity Compliance Guides (versions 4.1 and 5.2) and Guides to Forms (versions 1.5 and versions 2.1). 

Due to the 2017 TILA-RESPA Rule’s optional compliance period, which ends October 1, 2018, the Bureau has kept an old version and new version of each guide to provide implementation support during the optional compliance period. However, we've updated all versions for the 2018 TILA-RESPA Rule, which is effective before the optional compliance period is over and would apply whether or not you are choosing to comply early with the 2017 Rule.

You can access the 4 updated guides here:

Thank you,

Regulatory Implementation Team 
Bureau of Consumer Financial Protection