CFPB Finalizes "Know Before You Owe" Mortgage Forms

The Consumer Financial Protection Bureau (CFPB) issued a rule on November 20, 2013 requiring easier-to-use mortgage disclosure forms that clearly lay out the terms of a mortgage for a homebuyer. The new “Know Before You Owe” mortgage forms will replace the federal disclosures and help consumers understand their options, choose the deal that’s best for them, and avoid costly surprises at the closing table.

Click the CFPB logo below for details.