New rules across the board even for Cape Coral and Fort Myers closings. The Consumer Financial Protection Bureau (CFPB) has released a new rule regarding disclosure for loans. This rule produced new forms that will replace existing ones to help consumers make clearer decisions before closing on a loan.
This form will now be given to clients by their lender within three business days after a loan application is submitted.
Rule Effective starting August 1, 2015.
The new LOAN ESTIMATE FORM is available to view here.
Need assistance navigating through the rules, the process or the document, call Jennifer Ferri today @ 239-415-6574.