The Consumer Financial Protection Bureau (CFPB) published the final rule to implement the integrated disclosures (TRID) on November 20, 2013. The final rule was effective on October 3, 2015. After much industry confusion and concern regarding elements of the regulation, the CFPB released a proposal to update the TRID regulation in July 2016. The final TRID Amendment was released on July 7, 2017.
This training manual covers each amendment made to the existing TRID rules under Regulation Z, 1026.19, 1026.37, and 1026.38
Compliance is mandatory for transactions for which a creditor or mortgage broker receives an application on or after October 1, 2018. The Rule includes an optional compliance period, which begins on the 2017 Rule’s effective date (60 days after publication in the Federal Register).