updated 04/19/13 10:44 AM
CFPB RELEASES TILA ESCROW RULE GUIDE
Guidance Not a Substitute for Underlying Rule
The Consumer Financial Protection Bureau has published a Small Entity Compliance Guide for the Truth-In-Lending Act (TILA) Escrow Rule.
Click here to view the guide.
"Our goal with this guide is to provide an overview of the rule in a plain language and FAQ format which makes the content more accessible and consumable for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff," the bureau states in a communication that was sent to subscribers. "Although the guide gives an overview of the TILA Escrow Rule, it is not a substitute for the underlying rule."
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