Hill Urges Quick Passage of H.R. 3192

For more information, contact: Mike Siegel, (202) 225-2506

Washington, DC, October 3, 2015

Congressman French Hill (AR-2) made the following statement on the day of the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure Rule implementation:

“I am encouraged that the CFPB and other financial regulators have acknowledged the need for some leniency for good-faith efforts to comply with an extremely complex rule. This acknowledgment underscores the need for a formal hold-harmless period to protect the mortgage industry while transitioning to this new closing regime and preventing costly market disruptions and delays for American homebuyers.”

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Additional Information

House to vote on H.R. 3192, the Homebuyers Assistance Act (Sponsored by Rep. French Hill)

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