The Consumer Financial Protection Bureau (CFPB) has updated its TRID FAQ, a new frequently asked questions tool, to provide guidance on construction loans.
Two new questions and answers were published May 31. The initial TRID FAQ dealt with integrated disclosures compliance.
Read on for more details about the latest editions to the TRID FAQs, one of which addresses whether there are special disclosure provisions for construction-only or construction-permanent loans under the TRID rule.
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