CFPB delays effective date for mandated mortgage disclosures

The CFPB is delaying the compliance date for some Dodd-Frank mortgage disclosure provisions that would have kicked in on Jan. 21, 2013. Read on to learn when industry participants will be required to comply with new requirements related to  disclosures on cancellation of escrow accounts, on a consumers’ liability for debt payment after foreclosure and on the creditor’s policy for accepting partial payment.