CHANGING THE WAY WE NOW DO BUSINESS IN THE PURCHASE AND SALE OF
CONSUMER RESIDENTIAL REAL ESTATE
NEW RULES~CFPB EFFECTIVE
3 OCTOBER, 2015
The new TILA-RESPA Integrated Disclosure rule (known more commonly as TRID) was scheduled to take effect 1 August, 2015, and has now been postponed by CFBP, until 3 OCTOBER, 2015.
Why did CFPB delay TRID - and how are loan origination systems preparing? Earlier this month, the CFPB pushed back the implementation date from Aug. 1 to Oct. 3, claiming that an "administrative error" was responsible for the delay (More Here.)
What does this mean to Lenders, Buyers, Sellers, Realtors, and Service Providers to the Sale and Purchase of Consumer Real Estate?
