Buckley Sandler Webcast: TRID - Lenders implement 2.0 as 1.0 violations start piling up
Compliance with TRID 2.0 — the revised version of the TILA-RESPA Integrated Disclosure rule — becomes mandatory on Oct. 10. Meanwhile, the Consumer Financial Protection Bureau has only recently begun citing lenders for violations of TRID 1.0.
Buckley Sandler partner and former CFPB senior official Ben Olson and associate Brandy Hood discussed the issues challenging mortgage lenders and their vendors in getting ready for the new TRID as they are receiving regulatory feedback on the old one.
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