The Consumer Financial Protection Bureau issued a final rule July 21, 2015, announcing the delay of the effective date for the Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule (TRID), from Aug. 1 to Oct. 3, 2015.
This should allow for a smoother transition to the new rule for both the industry and consumers, according the CFPB.
Florida Mortgage Firm Is Prepared
Florida Mortgage Firm is proactive in meeting the demands that will take effect Oct. 3. Rest assured that your business is taken very seriously and will be in safe hands.
Thank you for your business.