Links in “Integrated Mortgage Disclosures”
- Su Casa: CFPB Issues Spanish Editions of TRID Disclosures
"Your Home Loan Toolkit," a disclosure that is to be provided in place of the "Settlement Cost Booklet" when the new TILA/RESPA Integrated Disclosure rule takes effect Oct. 3, is now available in Spanish as well. See the full list of items available here. [7/30/15]
- It’s October 3rd: CFPB Finalizes TRID Effective Date
The Consumer Financial Protection Bureau has issues a final rule delaying the effective date of the Integrated Disclosure Rule to Saturday, October 3, 2015. In addition to the final date, the rule makes it clear the CFPB will not be giving any sort of grace period or dual compliance. The CFPB does reiterate that they will be "sensitive." [7/22/15]
- CFPB Striving for a Smooth Transition of âKnow Before You Oweâ Disclosure Rule
The âKnow Before You Oweâ mortgage disclosure rule, requiring lenders to provide easily-readable disclosure forms to applicants, has been finalized for October 3, 2015 as the effective date. The CFPB believes that pushing the date back several months will benefit both financial institutions and their consumers by giving the financial industry time to adapt to the ruling and implement new systems. [7/22/15]
- CFPB Set’s Final TRID Rule Date, But We’ve Heard that Before
The Know Before You Owe mortgage disclosure rule has officially had it's effective date set for October 3, 2015, despite numerous requests to delay the rule. [7/22/15]
- ABA Lobbies for 3-Month “Restrained Enforcement” Period for TRID
ABA sends its comment in to the CFPB about the proposed extension of the TILA-RESPA Integrated Disclosures rule to Oct. 3 by proposing a 3-month period following the proposed extension date of restrained enforcement and liability. [7/10/15]
- More Voices call for longer TILA-RESPA Delay
Both the NAFCU and NASCUS have urged the CFPB to push back the effective date of the new regulations stemming from the integrated mortgage disclosures deadline. Both associations support the notion of moving the deadline all the way back to Jan. 1, 2016. [7/8/15]
- CUNA to CFPB: Oct. 3 Effective Date a Step in the Right Direction, But Not Enough
Today's the last day for public comments on the extended effective date for the TILA-RESPA Integrated Disclosure Rule. The CFPB has proposed pushing the date to 10/3, but CUNA is requesting a delay until Jan. 1, 2016 to allow for a proper transition, given the magnitude of the changes. [7/7/15]
- Donât Forget! Record Retention Changes with New Integrated Mortgage Disclosures
Because the adoption of the new integrated mortgage disclosures is such a huge adjustment, record retention is an area often overlooked that will be affected. But it definitely deserves some TLC as there are a few tweaks being made. [6/30/15]
- CFPB Proposes October 3rd TILA/RESPA Implementation
The CFPB has officially proposed that the implementation date for the integrated TILA/RSPA disclosure be delayed until October 3rd. The CFPB noted that the proposed implementation date will fall on a Saturday, which they believe will provide financial institutions with additional time over the weekend to test their systems. [6/25/15]
- New TRID Delay, But This Time for 2 More Days
Following its announcement on June 17 of a two-month delay of the effective date of the new TILA-RESPA Integrated Disclosures rule to Oct. 1, the CFPB has announced an additional two-day delay to Oct. 3, a Saturday. [6/25/15]
