CFPB issues guidance on integrated disclosures rule

cfpb-logoThe CFPB yesterday issued new guidance related to the bureau’s Truth In Lending Act-Real Estate Settlement Procedures Act Integrated Disclosures Rule.

Specifically, the CFPB published two guides on disclosing construction-only and construction-permanent loans with examples based on common questions received by the bureau. The combined guide provides guidance for disclosing the phases together and the separate guide provides guidance for disclosing the phases separately.

To access the guides or additional TRID guidance, visit the CFPB’s website.

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