The Consumer Financial Protection Bureau (CFPB) has issued guidance on providing Loan Estimates to consumers via its TRID FAQ, a new frequently asked questions tool.
Five new questions and answers were published July 31.
Read on to discover what is and isn’t advisable when it comes to Loan Estimates best practices, as well as possible supervisory or enforcement red flags for unfair, deceptive, or abusive acts or practices (UDAAP).
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