This bill prohibits until February 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act (TILA-RESPA). In essence the bill creates a hold harmless period for companies and law firms who make good-faith efforts to comply with the new Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule.
The bill must now pass the Senate and be signed into law by the President to go into effect.
https://www.congress.gov/bill/114th-congress/house-bill/3192