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ABA: The American Bankers Association
Compliance News

CFPB Issues TRID Factsheet, FAQs

The Consumer Financial Protection Bureau yesterday published a fact sheet for lenders on title insurance disclosure requirements under the TILA-RESPA integrated disclosure rule. The fact sheet outlines disclosure requirements for lender’s title insurance and owner’s title insurance on the loan estimate and closing disclosure and provides illustrative examples.

The CFPB also added several new questions to its TRID FAQs regarding the total of payments disclosure included on the closing disclosure. The FAQs also address whether a creditor can require a consumer to sign and return the loan estimate or closing disclosure.

View the fact sheet View the FAQs