The CFPB received more than 150 public comments on recommendations for modifying, expanding or eliminating the TRID rule.
The Dodd-Frank Act requires the CFPB to conduct an assessment addressing the effectiveness of the rule within five years of its effective date.
Some commenters, including the Mortgage Bankers Association (MBA) and ComplianceEase, took issue with Loan Estimate timing, delivery and content requirements. Read on for more details from some of the comments on the rule.
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