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ABA: The American Bankers Association
Compliance News

TRID, Real Estate Settlement Procedures Act: ABA Issues Staff Analysis on TRID, Reg Z Waiting Period Relief

ABA has released a staff analysis of a Consumer Financial Protection Bureau interpretive rule issued Wednesday. The rule clarified that, due to the COVID-19 emergency, consumers have a greater ability to exercise their rights to modify or waive certain required waiting periods under the TILA-RESPA integrated disclosures and Regulation Z rescission rules. The staff analysis provides insight into this ABA-advocated action. For more information, contact ABA’s Rod Alba.