Tag Archives: TILA-RESPA integrated disclosures

Bankers Call for Revisions to TRID for Single-Family Construction Loans

In a recent letter to the Consumer Financial Protection Bureau, more than 100 bankers from across the country called on the bureau to revise the TILA-RESPA Integrated Disclosure rule to exempt single-family residential construction loans from onerous disclosure requirements that have created confusion for consumers and caused many banks to exit the market.

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ABA Supports Bill to Fix TRID

ABA yesterday joined several financial and housing trade associations in a letter to House members urging support for the TRID Improvement Act of 2017 (H.R. 3978), a bipartisan bill introduced by Rep. French Hill (R-Ark.) and Rep. Ruben Kihuen (D-Nev.).

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ABA Supports CFPB’s Proposed Fix to TRID’s ‘Black Hole’ Problem

ABA today commented on proposed changes to the TILA-RESPA integrated disclosures that would allow creditors to use either initial or corrected closing disclosures to reflect changes in costs for purposes of determining if an estimated closing cost was disclosed in good faith, regardless of when the closing disclosure was provided relative to consummation.

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