Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

TRID Concerns Linger Despite Recent CFPB ‘Grace Period’ Announcement

By xhevrije

Despite the recent announcement from the Consumer Financial Protection Bureau (CFPB) to provide a grace period for servicers attempting to comply in good faith with the TILA-RESPA Integrated Disclosure (TRID) requirements that are scheduled to go into effect August 1, lingering TRID concerns remain. The Association of Mortgage Professionals (NAMB) and other housing associations, requested today in a letter that the CFPB implement a hold-harmless period on TRID enforcement. Many housing industry groups are supporting legislation that would above this period, the press release says.

The post TRID Concerns Linger Despite Recent CFPB ‘Grace Period’ Announcement appeared first on theMReport.com.

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