Alert September 05, 2012

CFPB Extends Comment Deadline for “All In” Finance Charge and High Cost Test Parts of RESPA/TILA Integration Proposal

The CFPB announced that it has extended the comment period on the proposals concerning the definition of finance charge and the high-cost mortgage coverage test in its mortgage loan disclosure integration rule (see July 10, 2012 Alert).  The original comment period was set to end on September 7, and now will end November 6, 2012.