CFPB Releases TRID Readiness Guide to Aid Compliance

September 24, 2015

The Consumer Financial Protection Bureau released a Readiness Guide to help companies evaluate their readiness and help them comply with mortgage rule changes, including the TILA-RESPA Integrated Disclosures (TRID).

In the guide, the CFPB has provided a readiness questionnaire. The list covers:

  • Developing an Implementation Plan
  • Policies and Procedures
  • Training
  • Monitoring and Corrective Action
  • Complaints
  • Compliance Audit
  • Service Provider Oversight

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