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Changes to Mortgage Disclosure Requirements

July 30, 2009

Coldwell Banker - Sold!The Housing and Economic Recovery Act (HERA) was passed by Congress in 2008 and contains provisions that amend the Truth in Lending Act (TILA). These provisions change requirements surrounding early and final disclosures to homebuyers and address the timing of when fees can be charged. These provisions become effective for all primary residence or second home applications on or after July 30, 2009 and a summary is provided below.

Click here to view or download the entire article.

Our thanks to Bonnie Briggs of Delta Lending for providing this information to us. If you have any questions, you may contact Bonnie at

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