CFPB updates RESPA and TILA examination procedures

This story appeared in Bank Digest.   

The Consumer Financial Protection Bureau has updated its Real Estate Settlement Procedures Act and Truth in Lending Act examination procedures to reflect amendments to Regulations X and Z. The updates reflect the Amendments Relating to Small Creditors and Rural or Underserved Areas under TILA (Rural-Small Rule), the Amendments to the 2013 Mortgage Rules under RESPA (Regulation X) and TILA (Regulation Z) (the 2016 Servicing Rule) final rules, and the October 2017 Mortgage Servicing interim final rule. The updates also include corrections and clarifications to existing text.