N.H. Lawmakers Make Bipartisan Push for TRID Grace Period

The entire New Hampshire congressional delegation — two Democrats and two Republicans — on Thursday wrote to Consumer Financial Protection Bureau Director Richard Cordray to request a “grace period” for good-faith efforts to comply following the Oct. 3 effective date for the TILA-RESPA integrated disclosures.

“Our constituents need more certainty that their good-faith efforts to comply with these regulations will not expose them to litigation during this transition period,” wrote Sens. Kelly Ayotte (R) and Jeanne Shaheen (D) and Reps. Frank Guinta (R) and Anne Kuster (D). “Providing certainty to stakeholders who work in good faith to properly utilize TRID will encourage a more seamless implementation.”