CFPB Releases Index to TRID Compliance Questions

To help answer bankers’ compliance questions about the TILA-RESPA integrated disclosures, which take effect on Oct. 3, the Consumer Financial Protection Bureau released an index of the questions and answers from its five TRID-related webinars. Full recordings of the webinars are also available online.

The questions cover pre-application activities, the definition of “application,” the TRID rule’s scope, record retention, variations and tolerances, redisclosures, details on the Loan Estimate and Closing Disclosure forms and the required settlement booklet.

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About Author

Evan Sparks

Evan Sparks is editor-in-chief of the ABA Banking Journal and vice president for publications at the American Bankers Association.