The Consumer Financial Protection Bureau recently proposed to extend the effective date of the TILA-RESPA Integrated Disclosures rule from Aug. 1 to Oct. 1, 2015. Now the CFPB is requesting it to take effect Oct. 3 and is asking for comments on this proposal. Continue reading CFPB Changes TRID Effective Date Again, Asking For Comments
The Consumer Financial Protection Bureau has proposed that the new TILA-RESPA Integrated Disclosure be delayed till Oct. 1.
TRID is currently slated to take effect Aug. 1. We’ll keep you updated on the status of this proposal.
As far as the reason for the delay, CFPB Director Richard Cordray said they need the time “to correct an administrative error,” as well as accommodate families that “will be busy with the transition to the new school year at that time.”
Shoot any questions you may have our way (813-707-6200).