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On October 3, 2015, the APLD will convert to only accept loan applications taken subject to the two CFPB’s Mandated Mortgage Disclosures (initially with the new CFPB Loan Estimate) and carry that through to any applicable housing counseling and the closing of the loan (culminating with the new CFPB Closing Disclosure). Due to this APLD conversion, for loan applications taken on or before October 2, 2015, licensees must enter the required loan information into the APLD no later than October 2, 2015, and include Good Faith Estimate (GFE) and Truth in Lending (TIL) disclosure information as is presently done. Housing counselors and title/closing agents will use as presently done the GFE, TIL, and HUD-1 settlement statements for this October 2, 2015 or before grouping of taken loan applications.

September 18, 2015 FOR IMMEDIATE RELEASE