Mortgage lenders confused about TRID compliance have received welcome news from the Consumer Financial Protection Bureau (CFPB).
The bureau has published the TRID FAQ, a new frequently asked questions tool with four questions and answers. Three of the questions deal with corrected Closing Disclosures and the three business-day waiting period before consummation. The fourth deals with model forms.
Read on for reaction from RESPRO and Kathleen “Kitty” Ryan, of counsel at Morrison & Foerster’s Financial Services Group.
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