CB Title Group CB Title Group
Close With Confidence

(973) 921-0990

Basics for the Integrated Mortgage Disclosure Rule Implementation Date Changed To 10/3/15 – CFPB Update #6

CFPB Final Ruling Moves TRID Implementation Date to October 3, 2015

CB Title is committed to providing you with training and reference materials related to the new regulations and forms coming October 3, 2015.  Please see below for our sixth in a series of informational bulletins about the new CFPB regulations. 


The Consumer Financial Protection Bureau (CFPB) issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, to October 3, 2015. The rule requires easier-to-use mortgage disclosure forms that clearly lay out the terms of a mortgage for a homebuyer. The Bureau issued the change to correct an administrative error that would have delayed the effective date of the rule by at least two weeks, until August 15, at the earliest.

The Bureau is finalizing Saturday, October 3 as the effective date. The Bureau believes that moving the effective date may benefit both industry and consumers with a smoother transition to the new rule. The Bureau further believes that scheduling the effective date on a Saturday may facilitate implementation by giving industry time over the weekend to launch new systems configurations and to test systems. A Saturday launch is also consistent with industry plans tied to the original effective date of Saturday, August 1.

The final rule issued also includes technical corrections to two provisions of the Know Before You Owe mortgage disclosure rule.

A copy of the final rule is available here: Final Rule or go to:


See our next bulletin in this series for more information. Feel free to contact us with any questions.

 This bulletin is sent courtesy of CB Title Group, LLC and Chicago Title Insurance Company. This article is for informational purposes only and is not intended to provide legal advice, but rather to provide insight into legal developments and issues that may be useful to our clients and friends.  In no circumstance is this article intended to be a full treatment of the above subject matter.  Reader is advised to obtain additional information as noted.