HERA aka Housing Economic Recovery Act amends the Truth in Lending Act (TIL), implemented through Regulation Z.
Has a number of provisions including the Mortgage Disclosure Improvement
Act, which changes the Truth in Lending Act requirements surrounding early
and final disclosures to homebuyers and addresses the timing of when fees can
be charged. What it does:

A lender can not charge any fee other than the credit report until the applicant has been provided disclosures regarding the interest rate and fees. Loans can not close until seven days after the buyer has been delivered the appropriate disclosures.  Lenders are currently operating at a snail’s pace…I haven’t been aware of any loans closing in 7 days….But I feel confident that they will become even slower in the loan process.