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BILLING CODE: 4810AMP
BUREAU OF CONSUMER FINANCIAL PROTECTION
Final Redesigned Uniform Residential Loan Application Status under Regulation B
AGENCY: Bureau of Consumer Financial Protection.
ACTION:
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Final redesigned uniform residential is the updated version of the standardized form used by lenders to gather information about borrowers during the mortgage application process.
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Lenders are required to file the final redesigned uniform residential form when processing a mortgage application.
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The purpose of the final redesigned uniform residential form is to help lenders assess the creditworthiness of borrowers and make informed decisions about mortgage approvals.
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Information such as income, assets, debts, employment history, and credit history must be reported on the final redesigned uniform residential form.
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