Q: Have there been any updates to TRID?
A: No. However, the CFPB (Consumer Financial Protection Bureau) has proposed various amendments to disclosure requirements under TRID. In its July 29th press release the CFPB stats that “The proposed amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty.”
The following proposed amendments were included in the CFPB Press Release:
CFPB anticipates issuance of a final rule by April 2017 with the implementation period lasting until October 2017. Comments are due by October 18, 2016.