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Financial Services Law Insights and Observations

CFPB Updates Guide to TRID Forms

Agency Rule-Making & Guidance CFPB TRID TILA RESPA

Agency Rule-Making & Guidance

On December 6, the CFPB published an updated version of the TILA-RESPA Integrated Disclosure Guide to the Loan Estimate and Closing Disclosure Forms. The updated guide reflects the amendments issued by the CFPB on July 7 of this year (previously covered by a Buckley Sandler Special Alert). These include changes resolving a number of significant ambiguities that generated concerns about the liability of lenders and purchasers of mortgage loans.