The Consumer Financial Protection Bureau has pushed back the deadline for the mortgage industry to comment on a proposed rule change that would revamp the definition of a finance charge when closing loan documents.

Comments on the rule were originally due Sept. 7. The CFPB pushed that date back to Nov. 6 last week.

The change, which is tied to a much larger effort to change how borrowers close on mortgages, essentially makes the finance charge – which is used to calculate the annual percentage rate – include title insurance and other common costs that have previously been excluded.

The change could effect certain legal requirements, especially when dealing with high-cost loans. The CFPB already has proposed adjustments that will block any negative effects of the adjustments.

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