CFPB Updates TRID Compliance Guide

The Consumer Financial Protection Bureau yesterday issued an updated small entity compliance guide to the TILA-RESPA integrated disclosures. The guide incorporates guidance from recent compliance webinars on records retention; construction loans; disclosures of seller-paid costs; and form completion, formatting, revision and delivery, among other topics. The bureau also issued a revised guide to the Loan Estimate and Closing Disclosure forms.

In related news, on Oct. 18, the American Bankers Association will host the fifth installment in its webinar series on TRID audit with a focus on cash-to-close and loan calculations. Guest presenter Patti Blenden, CRCM, will examine TRID’s detailed requirements for cash-to-close calculations, alternative cash-to-close and loan calculations.  Also available for purchase are recordings of previous webinars in ABA’s TRID audit series, covering general rules, the Loan Estimate, the Closing Disclosure and construction loans.

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