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Title, closing agents face many closing hurdles
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Industry News
Tuesday, December 16, 2014
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With numerous organizations and groups taking the lead on preparing the title insurance industry for the changes to come Aug. 1, 2015, when the Consumer Financial Protection Bureau’s (CFPB) RESPA-TILA rule takes effect,the title industry may very well be closing table entity that is the most prepared to handle the new forms and changes to the mortgage process — but there could be hundreds of scenarios that make complying with the new rule difficult which won’t be known until after implementation begins.
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