Tag Archives: TRID

Safe Harbor Period For TILA-RESPA Integrated Disclosure Rule

Tim Scott, a senator from South Carolina, sponsored a bill that would “provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.”

The bill is known as S.1711. Continue reading Safe Harbor Period For TILA-RESPA Integrated Disclosure Rule

CFPB To Delay TRID Release Date

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).