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CFPB Translates Mortgage Info into Spanish

Documents available in Spanish cover info about the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act and the Truth in Lending Act.

WASHINGTON – The Consumer Financial Protection Bureau (CFPB) has encouraged financial institutions to provide fair and transparent access to products and services for people who are more comfortable using a language other than English.

This week, CFPB says it’s translated all of its disclosures and advice into Spanish, noting that “sometimes, access to clear information is missing from interactions with customers who have limited proficiency in English.”

The update includes a number of mortgage origination documents, including the following in Spanish:

Fair Credit Reporting Act (FCRA)

Real Estate Settlement Procedures Act (RESPA)

Truth in Lending Act (TILA)

Other CFPB forms, some with Spanish translations

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