New disclosure rules from the Consumer Financial Protection Bureau don't go into effect until this summer, but lenders are already worried about compliance and fearing it may make the closing process far more difficult.

The new rule puts more responsibility on lenders for the precise timing and accuracy of the final settlement disclosure, which must be given to the borrower three days before closing.

"It's driving the vendors crazy," said Richard Andreano, a partner in the Washington office of Ballard Spahr.

"The trouble is that you can have a finance charge that has different names," Andreano said. "In some cases, the same names may be used to refer to different types of fees, while in other cases different names refer to the same fee. The technology guys are wondering how to deal with that."

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