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CFPB: Lenders Can Share Disclosure

CFPB: Lenders Can Share Disclosure
The Consumer Financial Protection Bureau (CFPB) has announced a proposed rule that would make clear it is appropriate for lenders to share the Closing Disclosure (CD) with real estate professionals. Since the implementation of the agency’s “Know Before You Owe” mortgage initiative in 2015, lenders have been reluctant to share the document out of concern that they could be held responsible for improperly disclosing clients’ nonpublic personal information. NAR urged the CFPB  to clarify the issue. More.

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