CFPB Revises Small Entity Compliance Guide for TRID

October 12, 2017

The CFPB recently released an updated version of the TILA-RESPA Integrated Disclosure (TRID) rule Small Entity Compliance Guide.

The revised version incorporates the recent amendments to the rule that became effective Oct. 10, 2017. Compliance with the amendments will be required for applications received on or after Oct. 1, 2018.

The amendments also clarified that the separate escrow cancellation notice and partial payment disclosure requirements under Regulation Z will apply to all covered loans on Oct. 1, 2018, regardless of when the application is received.

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