CFPB Proposes Delay to TRID Implementation Date
CB Title is committed to providing you with training and reference materials related to the new regulations and forms coming October 1, 2015*. Please see below for our fifth in a series of informational bulletins about the new CFPB regulations.
*The CFPB announced (June 17, 2015) that it has proposed to delay implementation of the “Know Before You Owe” – TRID Rule by two months. The Bureau will be issuing a proposed amendment to delay the effective date until October 1, 2015. A final decision will come after a public comment period.
View the Bureau’s Press Release:
http://www.consumerfinance.gov/newsroom/statement-by-cfpb-director-richard-cordray-on-know-before-you-owe-mortgage-disclosure-rule/
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 First American 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.
