Hearing on TILA-RESPA Integrated Disclosure Rules
January 1, 2015
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The Frame
The hearing examined the implementation of federal mortgage disclosure rules that dictate the paperwork and timelines required for home buyers and sellers during real estate closings.
Potentially affected actors named in the source documents. Mention is not a position.
Home buyers and sellers
These individuals are subject to the disclosure forms and timelines mandated by the TILA-RESPA rules during property transactions.
Mortgage lenders
Lenders are required to comply with specific disclosure requirements and timelines when issuing mortgage loans.
Title companies and real estate agents
These professionals must integrate the new disclosure forms into their closing processes and coordinate with lenders to meet regulatory deadlines.
Last recorded activity January 1, 2015.
Next step not available in the current record.
Summary
Key Facts
- The hearing was held on May 14, 2015, by the Subcommittee on Housing and Insurance.
- The subject was the TILA-RESPA Integrated Disclosure (TRID) rule, which governs real estate settlement disclosures.
- Witnesses included representatives from the American Land Title Association, the Urban Institute, the American Bankers Association, and the National Association of REALTORS.
- The record includes written statements from various industry groups, including Habitat for Humanity and the Mortgage Bankers Association.
- The hearing record includes follow-up correspondence between Representative Keith Ellison and the American Land Title Association regarding questions for the record.
Why It Matters
The hearing examined the implementation of federal mortgage disclosure rules that dictate the paperwork and timelines required for home buyers and sellers during real estate closings.
Frequently Asked Questions
What is the TILA-RESPA Integrated Disclosure rule?
Who testified at this hearing?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Legislative Follow-up
The hearing record includes specific follow-up correspondence between committee members and witnesses, indicating active oversight of the regulatory implementation.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy30Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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