CFPB Conducting Surveys to Assess TRID Rule

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The Consumer Financial Protection Bureau (CFPB) is currently conducting an assessment of the TILA-RESPA Integrated Disclosures (TRID) Rule.

As part of its assessment, the CFPB has issued industry surveys for loan originators, loan officers, and closing companies.

Survey participation is voluntary. However, the surveys will assist the CFPB in understanding the effects of the rule, and the responses from community-based lenders will provide the CFPB with a better picture of how those entities were affected by the TRID Rule.

For the purpose of this survey:

  • A mortgage loan origination institution is any institution, including credit unions, that originates loans directly to consumers.
  • A mortgage loan officer is the natural person employed by a creditor or mortgage broker who interacts most frequently with the consumer and who has an NMLSR ID.

The deadline to submit a survey response is March 6, 2020.

Click here for more information on the TRID Assessment Industry Surveys.

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