The Consumer Financial Protection Bureau (CFPB) announced 6/17/15 that it will
push the Aug. 1st implementation deadline to Oct. 1st
CFPB Takes First Steps Toward Greater Clarity on TRID Enforcement
On June 3, 2015, NAR President Chris Polychron issued a statement in response to the Consumer Financial Protection Bureau’s (CFPB) announcement regarding implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure regulation. In his remarks, President Polychron stated that NAR appreciates the “sensitivity” offered by the CFPB to companies making a good-faith effort to comply with the new TILA-RESPA Integrated Disclosure regulation and that NAR will continue to work with the CFPB to minimize any possible market disruptions or uncertainty when the rule takes effect August 1, which is the busiest transaction season for real estate. To read more, click here.