From NNA: Closing Disclosure Delay Gives Signing Agents More Time To Prepare

The Notary Bulletin from National Notary Association has a great article titled “Closing Disclosure Delay Gives Signing Agents More Time To Prepare”

Notary signing agents will have more time to prepare for the new Closing Disclosure after the federal government announced its intention to delay the mandatory implementation of the form until October 3.

The rule that created the Closing Disclosure and Loan Estimate was originally scheduled to take effect August 1. However, Consumer Financial Protection Bureau Director Richard Cordray announced that the agency was proposing to push back the deadline to October. The delay would allow the agency to correct an administrative error, Cordray said in a statement.

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