On November 20, 2013, the final rules on the replacement of the current consumer disclosure forms required under RESPA and the Truth-In-Lending Act were released. The new, integrated Loan Estimate form and Closing Disclosure Form will go into effect August 1, 2015..

The new forms focus on improved consumer understanding, better comparison shopping and avoiding costly closing surprises. In producing the RESPA/TILA rule, CFPB listened to the concerns of NAR and other industry organizations.