The Consumer Financial Protection Bureau released two sample loan disclosures yesterday. Their “code names” are Dogwood and Redbud (who thought of that?). These are not in any way official. The CFPB is simply asking for feedback on aesthetics and information. We still don’t have any rules to indicate how these forms are to be completed, so it’s difficult to give feedback on them.
If you have any thoughts on what you see, be sure to let the CFBP know. They are interested in your feedback.