A number of trade associations sent a letter, supporting Homebuyers Assistance Act (H.R. 3192) and the floor vote this week. he bill would provide a safe harbor during the initial implementation period until February 1 for the new TILA-RESPA mortgage disclosure regulations, which went into effect on October 3.
HPC and 18 other industry trade associations today sent a letter to Chairman Hensarling and Rep. Waters in support of H.R. 2213 to provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act.