Tag: Construction Loans

CFPB FAQ for TILA-RESPA Disclosures (TRID) – Dated February 26, 2020

Written by: Lloyd Rutherford, Staff Writer The rules of disclosure can be very tricky.  This recent update of FAQs addresses some of the issues lenders have struggled with and is a must read for anyone originating or creating disclosures. Rule Synopsis: The Consumer Financial Protection Bureau issues an FAQ document for the industry that covers […]

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CFPB – TRID-RESPA FAQs Update – Construction Loans – Dated May 31, 2019 – Effective Immediately

Written By: Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements.  In this update the bureau addresses construction loans. Rule Synopsis: Periodically, the CFPB issues clarifications to the very complex TRID-RESPA rules.  They communicate these clarifications through the TRID-RESPA FAQs, which we have attached below […]

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