The government’s new loan disclosure rules, known as “Know Before You Owe,” or the TILA-RESPA Integrated Disclosure (TRID) regulation, increased the average time in January to close on a loan, reports MarketWatch personal finance reporter Daniel Goldstein.

In January, closing on a loan took an average of 50 days, up from 49 days in December and 10 days longer than it was in January 2015, when the average loan closing time was 40 days, according to the latest estimate from Pleasanton, Calif.-based Ellie Mae, which provides loan software to the mortgage industry.

“We continue to see the time to close lengthen month over month, now reaching 50 days, which is up four days since TRID went into effect,” said Jonathan Corr, president of Ellie Mae, in a statement earlier this week.

The delays mainly stem from a federal government rule by the Consumer Financial Protection Bureau. As of Oct. 3, the rule required that loan disclosure documents must combine the information required in the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA).

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