Know Before You Owe: A One-Year Lookback

Comprehensive regulatory overhauls are never easy, and harmonizing the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) through the Consumer Financial Protection Bureau’s (CFPB) “Know Before You Owe” (KBYO) mortgage initiative has been no exception.
In effect for one year now, real estate industry professionals are becoming more comfortable with the new KBYO disclosure forms, but some confusion still remains. Fortunately, CFPB iss