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TRID Compliance Effective Date: October 3, 2015


Final Rule


July 21, 2015
Today, the Consumer Financial Protection Bureau (Bureau) today 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 Bureau is finalizing Saturday, October 3rd as the effective date.

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

Specifically, the Bureau is also providing technical corrections, as follows: 

(1) amending § 1026.38(i)(8)(ii) and (iii)(A) to include, in the amount disclosed as "Final" for Adjustments and Other Credits, the amount disclosed under § 1026.38(j)(1)(iii) for certain personal property sales, thus conforming the calculation of Adjustments and Other Credits on the Closing Disclosure and Loan Estimate; and 

(2) amending § 1026.38(j)(1)(iv) to include, in the amount disclosed as Closing Costs Paid at Closing, lender credits disclosed under § 1026.38(h)(3), thus conforming the disclosure of the borrower's cash to close in the Calculating Cash to Close and the Summaries of Transactions tables on the Closing Disclosure.

If you need assistance in understanding the  Final Rule technical corrections, please contact us at:

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