Anyone applying for a home loan after August 1, 2015 with be faced with a very different closing process than is currently the norm. In the long run, the clearer disclosure forms should be to the consumers’ benefit. But in the near term, there will be a lot of kinks to work out as lenders/attorneys adjust to the new requirements. NAR has guided Realtors to build an extra 15 days into the loan contingency dates and and closing dates to allow time for compliance. See the attached article for more info (cut and paste if link does not connect), and feel free to reach out to us if you’d like more nuance on how this may affect closings in CT in the latter half of 2015 and beyond.