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What is the Consumer Financial Protection Bureau?

For more than 30 years, federal law has required lenders to provide two disclosure forms to consumers when they apply for a mortgage and two additional short forms before they close on the home loan. These forms were developed by different federal agencies under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). To help simplify matters and avoid the confusing situations consumers have often faced when purchasing or refinancing a home in the past, the Dodd-Frank Act provided for the creation of the Consumer Financial Protection Bureau (CFPB) and charged the bureau with integrating the mortgage loan disclosures under the TILA and RESPA.

TRID CALENDAR

Calculate Your Key Compliance Dates

Select a Loan Type, Delivery Method, and Desired Consummation Date to begin
If a federal holiday falls within the Delivery and/or waiting periods, the system adds an additional business day.
The three-day period is measured by days, not hours. Thus, disclosure must be delivered three days before closing, and not 72 hours prior to closing.
Disclosures may also be delivered electronically to the Delivery Period and may be signed in compliance with E-Sign requirements.

**Disclaimer: This tool is provided for general informational purposes only. The CFPB Rule that determines the time periods for consummation used in this tool provides circumstances under which these time periods may be shorted or extended. Each transaction is different, and the final authority and responsibility for determining consummation date resides with the lender. While we strive to provide accurate information, we do not guarantee that it is complete, current or applicable to your particular transaction. Please consult your Escrow or Loan Officer for the actual consummation date for your transaction.

KEY RESOURCES

Real estate professionals play a key role in helping clients navigate the CFPB’s updated mortgage disclosure rules, The highlights five elements including the Loan Estimate and Closing Disclosure forms, timing requirements, and how title fees are presented—to prepare agents for smoother, more informed closings. These resources are intended to provide clear guidance so you can confidently support buyers.

Downloadable Materials: 
Lenders face several key responsibilities under the CFPB’s mortgage disclosure rules, including preparation and timely delivery of the new Closing Disclosure.The guidance outlines how lenders must manage form creation, coordinate data sharing with settlement agents, handle required delivery timelines, and process changes before and after closing. These insights help lenders streamline workflows and stay compliant.

 
Attorneys play a critical role in navigating the CFPB’s disclosure rules, which affect most closed‑end consumer real estate transactions. The outlines which transactions are included or exempt, details the Loan Estimate and Closing Disclosure forms, and explains how timing, communication of fees, and title charges are disclosed. These insights equip attorneys to guide clients smoothly through compliant and accurately disclosed closings.

Downloadable Materials: 

Explains which transactions are affected, outlines the  Loan Estimate and Closing Disclosure forms, and clarifies key concepts such as closing vs. consummation. The guidance also helps agents understand timing requirements and how to prepare for smooth, compliant closings.

 


Downloadable Materials: 

Real estate professionals play a key role in helping clients navigate the CFPB’s updated mortgage disclosure rules, The highlights five elements including the Loan Estimate and Closing Disclosure forms, timing requirements, and how title fees are presented—to prepare agents for smoother, more informed closings. These resources are intended to provide clear guidance so you can confidently support buyers.

Downloadable Materials: 

Lenders face several key responsibilities under the CFPB’s mortgage disclosure rules, including preparation and timely delivery of the new Closing Disclosure.The guidance outlines how lenders must manage form creation, coordinate data sharing with settlement agents, handle required delivery timelines, and process changes before and after closing. These insights help lenders streamline workflows and stay compliant.

 

Attorneys play a critical role in navigating the CFPB’s disclosure rules, which affect most closed‑end consumer real estate transactions. The outlines which transactions are included or exempt, details the Loan Estimate and Closing Disclosure forms, and explains how timing, communication of fees, and title charges are disclosed. These insights equip attorneys to guide clients smoothly through compliant and accurately disclosed closings.

Downloadable Materials: 

Explains which transactions are affected, outlines the  Loan Estimate and Closing Disclosure forms, and clarifies key concepts such as closing vs. consummation. The guidance also helps agents understand timing requirements and how to prepare for smooth, compliant closings.

 


Downloadable Materials: 

EDUCATIONAL VIDEOS

 

What is the CFPB ?

 

 CFPB Rules, Forms

 

Terms

 

The Loan Estimate Explained

 

Closing Disclosure Form

 

Your Owner's
Title Insurance Policy

 

What is Title Insurance?

 

What is Escrow?

 

What to look for in a Title Company

 

What to expect at Closing

FREQUENTLY ASKED QUESTIONS

The CFPB is a federal agency that helps protect consumers by regulating financial products such as mortgages, credit cards, and loans. It ensures lenders provide clear, transparent disclosures so borrowers can understand the terms of their home loan.

These rules streamline mortgage disclosures by replacing older forms with two modern documents: the Loan Estimate and the Closing Disclosure. They help consumers compare loan offers, understand fees, and see the full cost of their mortgage before closing.

The Loan Estimate provides a snapshot of key loan terms—such as interest rate, monthly payments, closing costs, and estimated cash needed at closing—so borrowers can easily compare different loan options early in the process.

The Closing Disclosure is a detailed, final breakdown of all loan terms and fees. It must be provided to the borrower before closing, giving them time to review the numbers and confirm everything matches expectations.

Previously, lenders used multiple forms created by different agencies, leading to confusion and inconsistency. The CFPB rules replaced these with standardized, consumer‑friendly documents designed to improve clarity and reduce surprises at closing.

Under CFPB rules, required waiting periods are measured using a defined set of “business days,” which excludes Sundays and certain federal holidays. This calendar impacts when lenders can issue disclosures and when you are allowed to close.

Yes. TRID rules impose timing requirements for delivering the Loan Estimate and Closing Disclosure. Changes to fees or loan terms may also require updated disclosures, potentially resetting waiting periods and delaying closing if adjustments are necessary.

In mortgage disclosures, the term “consumer” typically refers to the borrower. Sellers may also be considered consumers in certain contexts, but the focus of TRID disclosures is primarily on protecting the borrower’s interests.

“Consummation” refers to the moment the borrower becomes legally obligated on the loan—usually the day loan documents are signed. This date may differ from the real estate closing date in a purchase agreement.

The CFPB publishes comprehensive guides, compliance resources, and sample disclosure forms that explain the Loan Estimate, Closing Disclosure, and all timing rules.