Request for Information Regarding Promoting Access to Mortgage Credit
Key claim: The CFPB is soliciting public comment on potential regulatory changes to reduce burdens related to TRID mortgage disclosures, the right of rescission, and reverse mortgage disclosures in order to promote access to mortgage credit.
Abstract
(Proposed Rule · Consumer Financial Protection Bureau) This notice requests information from the public about potential regulatory changes that may reduce regulatory burdens and promote access to mortgage credit, as appropriate and consistent with applicable law. The Consumer Financial Protection Bureau (Bureau or CFPB) seeks to reduce unwarranted regulatory burdens to ensure that creditworthy borrowers can access mortgage credit. Specifically, the CFPB is requesting information on industry and consumer burdens related to the integrated mortgage disclosures under the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) (TILA-RESPA integrated disclosures or TRID), the right of rescission, and reverse mortgage disclosures.
Why this matters
Mortgage disclosure rules (TRID, rescission, reverse mortgage) are among the most operationally significant consumer-facing requirements in residential lending, shaping closing timelines, borrower comprehension, and lender compliance costs. A CFPB RFI signals the agency is weighing rollback or restructuring of these regimes under an access-to-credit framing, which could materially reshape the buyer experience and lender workflows if it advances to proposed rulemaking. The RFI stage itself has no legal effect but establishes the record on which any future rule changes would rest.