TILA-RESPA Integrated Disclosure

October 23, 2015

As a result of the new TILA-RESPA Integrated Disclosure (“TRID”) regulations that went into effect on October 3, 2015, the Federal Home Loan Bank of Chicago (FHLBC) will now require that the member provide, as documentation, the final Closing Disclosure for the first mortgage, as well as the final Closing Disclosure for the Affordable Housing Program (AHP) or Downpayment Plus® (DPP®) grant (if the member determines that one is required), each of which reflects the figures used at closing.

Please note that the FHLBC cannot provide legal advice as to whether a Closing Disclosure is required for a particular AHP or DPP grant.

Federal Home Loan Bank of Chicago
200 East Randolph Drive
Chicago, IL 60601
www.fhlbc.com
Copyright © 2015, Federal Home Loan Bank of Chicago. "Downpayment Plus" and "DPP" are registered trademarks of the Federal Home Loan Bank of Chicago.   
This newsletter contains forward-looking statements which are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “anticipates”, “believes”, “expects”, “could”, “plans”, “estimates”, “may”, “should”, “will,” or their negatives or other variations on these terms. We caution that, by their nature, forward-looking statements involve risk or uncertainty, that actual results could differ materially from those expressed or implied in these forward-looking statements, and that actual events could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the risk factors set forth in our periodic filings with the Securities and Exchange Commission, which are available on our website at www.fhlbc.com. We assume no obligation to update any forward-looking statements made in this newsletter.