CFPB Releases Resources on TRID for Construction Loans

The Consumer Financial Protection Bureau today released a fact sheet that covers the basics of using the TILA-RESPA integrated disclosures for construction loans. The fact sheet includes information on which construction loans are covered by TRID (open-end transactions or loans for a commercial purpose are not covered), as well as existing provisions for construction loan disclosures and guidance on disclosures for a loan with permanent financing as either one or two loans.


About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.