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QuestSoft Survey: Integrated Disclosures Most Significant Compliance Issue for Lenders

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LAGUNA HILLS, Calif.--(BUSINESS WIRE)--With the August 1 deadline for the new Truth in Lending Act (TILA) and Real Estate Settlement Protection Act (RESPA) integrated disclosures looming, the new document and procedures dominate lenders’ compliance concerns according to QuestSoft’s ninth annual compliance survey. More than 500 lenders responded to the 2015 survey, with 76 percent ranking the TILA/RESPA disclosures (TRID) as a high concern, and an additional 15 percent citing it as a medium conc

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