Skip to content

Menu

Ballard Spahr L.L.P. logo
HomeKey TopicsSub-MenuRegulatory and EnforcementLitigation and Court Decisions

Consumer Finance Monitor

CFPB, Federal Agencies, State Agencies, and Attorneys General

Home » CFPB issues instructions on how industry may place its company logo on the “Home Loan Toolkit”

CFPB issues instructions on how industry may place its company logo on the “Home Loan Toolkit”

By Marc Patterson on June 4, 2015
Posted in CFPB General, CFPB Rulemaking, Federal Agencies, Mortgages, Regulatory and Enforcement, TILA / RESPA

The CFPB has issued instructions on how creditors and other housing professionals can use their logo with the new “Home Loan Toolkit” (“Toolkit”).  Previously, at a May 26, 2015 webinar that addressed the new TILA/RESPA Integrated Disclosure rule, the CFPB staff informally advised industry members that they could add their logo to the Toolkit.  The new instructions confirm this advice and provide further guidance on how a company may add their logo to the cover of the booklet, including information about the required disclaimer as well as the trademark licensing agreement.

As we have previously written, the Toolkit has been redesigned to explain to consumers how the Loan Estimate and the Closing Disclosure work, and how the two documents interact during a home loan purchase.  Among other things, the Toolkit provides questions consumers should consider to help define their homeownership goals and mortgage lending choices.  Lenders must deliver or mail the Toolkit to consumers no later than three days after receipt of an application.  The CFPB has also encouraged all market participants, including realtors, to integrate the Toolkit with its consumer marketing materials.

In addition, the CFPB is currently developing a Spanish language version of the Toolkit, and will publish a notice of availability in the Federal Register when it is released.  The new Toolkit must be used with the new TILA/RESPA integrated disclosures and be given to consumers for applications received on or after August 1, 2015.

Tags: Home Loan Toolkit, Logo, toolkit, TRID
Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Related Posts
CFPB seeks input on construction and construction-to-permanent loan trial disclosure sandbox application
March 6, 2023
CFPB Adjusts HMDA and HPML Asset Exemption Thresholds
December 28, 2022
Divided Eleventh Circuit panel rules TILA-required monthly mortgage statements can constitute debt collection communications subject to FDCPA and Florida law
June 6, 2022
Regulatory & Enforcement
Litigation & Court Decisions


Consumer Finance Monitor Podcast

CA Consumer Financial Protection Law Resource Center

Stay Connected

RSS LinkedIn Twitter YouTube
Top Ranked Chambers USA 2022

Topics

Archives

Resources

  • American Bankers Association (ABA)
  • American Financial Services Association
  • CA AG
  • CA Department of Financial Protection and Innovation
  • CBA
  • CFPB
  • Conference of State Bank Supervisors (CSBS)
  • Democratic Attorneys General Association (DAGA)
  • Dodd-Frank Act Title X
  • Dodd-Frank Act Title XIV
  • DOJ
  • FCC
  • FDIC
  • Federal Reserve Bank
  • Financial Services Roundtable (FSR)
  • FTC
  • HUD
  • IL AG
  • MA AG
  • MBA
  • National Association of Attorneys General (NAAG)
  • Nationwide Mortgage Licensing System (NMLS)
  • NCUA
  • NY AG
  • NY DFS
  • OCC
  • U.S. Department of the Treasury

Related Blogs

  • American Banker BankThink
  • American Bankers Association Dodd-Frank Tracker for CFPB
  • Bankwatch
  • Consumer Law & Policy
  • Credit Slips
CFS Alerts
CFS Events

Recent Posts

  • CFPB announces changes to semi-annual survey of credit card terms
  • CFPB makes updates and corrections to CFPB and other federal agency contact information in ECOA and FCRA notices
  • This week’s podcast episode: SCOTUS hears oral argument in cases challenging Biden Administration student loan forgiveness plan: observations and predictions
  • 2022 HMDA Modified Loan Application Data Published
  • HUD reinstates 2013 Fair Housing Act disparate impact rule

Consumer Finance Monitor

by the Consumer Financial Services Group at Ballard Spahr LLP

RSS LinkedIn Twitter YouTube

Practice Leaders

Daniel JT McKenna
mckennad@ballardspahr.com
215.864.8321
John D. Socknat
socknatj@ballardspahr.com
202.661.2253
DisclaimerPrivacy Policy

ABOUT THE CFS GROUP

The Consumer Financial Services Group is nationally recognized for its guidance in structuring and documenting new consumer financial services products, its experience with the full range of federal and state consumer credit laws throughout the country, and its skill in litigation defense and avoidance, including pioneering work in pre-dispute arbitration programs. Read More
Copyright © 2023, Ballard Spahr L.L.P. All Rights Reserved.
www.ballardspahr.com
Law blog design & platform by LexBlog LexBlog Logo