The Bureau is adopting the requirements in § 1026.37 (g)(8) pursuant to its authority under TILA section 105 (a) and RESPA section 19 (a) because standardization of the information provided on the disclosures required under § 1026.19 (e) will provide consistent information that consumers will be able to use to better
understand the mortgage transaction, shop for loans, and compare the Loan Estimate with any revised Loan Estimate and the Closing Disclosure,
thereby promoting the informed use of credit and more effective
advance disclosure of settlement costs, which are purposes of TILA and RESPA, respectively.