May 12, 2016 Alert - CFPB Publishes Website Resources on TRID

This afternoon, the Consumer Financial Protection Bureau (“CFPB”) published on its website annotated versions of the Loan Estimate and Closing Disclosure that provide citations to the disclosure provisions in Chapter 2 of Truth In Lending Act ("TILA") referenced in the Integrated Mortgage Disclosure final rule.

The documents can be accessed on the implementation web page for the TILA-RESPA Integrated Disclosure ("TRID") rule, available here.

SFIG continues to engage the CFPB to ensure the industry is able to comply with the rules, and looks forward to commenting on the upcoming Notice of Proposed Rule Making for TRID as outlined in Director Cordray’s April 28, 2016 response letter to a mortgage joint trade association inquiry.

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