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CFPB’s RFI Regarding Fees Imposed in Residential Mortgage Transactions

08/05/2024 3:04 PM | Scott Merritt (Administrator)

Over the last 60 days, the Consumer Financial Protection Bureau (CFPB) has been seeking information and comments from the public related to fees charged by providers of mortgages and related settlement services. In all, there have been more than 850 comments, letters, and opinions posted on the topic by the August 2nd deadline. Your industry association, the Florida Land Title Association, along with the American Land Title Association and other state land title associations including California, Idaho, Minnesota, New Jersey, Pennsylvania, Texas, and Virginia have all submitted letters advocating for why Closing Service Fees are important and, in many cases, required per state law.

Take a moment to read these responses here:

                Response from Florida Land Title Association

                Response for American Land Title Association

Thank you to all of the committee members who contributed a lot of hours and energy towards this effort. 

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