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he Consumer Financial Protection Bureau (CFPB) issued the new Integrated Mortgage Disclosure Rule, also known as “Know Before You Owe,” on Wednesday, November 20. It is our understanding that these are some of the rule highlights: The implementation date is August 1, 2015. There is no mandate the lender prepare and deliver the new Closing Disclosure Form. Lenders are allowed to work with settlement agents on this process. "All in APR" did not survive. Title and settlement fees are excluded. The events that would require a retrigger of a new 3 day time period have been curtailed. A 3 day retrigger would only occur in the event of: significant changes to APR, changes in the loan product, or the addition of a prepayment penalty. Saturdays count as a business day only if the lender is open for business on Saturdays. The CFPB says consumers can save money if they shop around for their own service providers for title and settlement services. Click here to link to the CFPB Know Before You Owe Fact Sheet http://files.consumerfinance.gov/f/201311_cfpb_factsheet_kbyo_mortgage-…