CFPB publishes additional guidance for TRID Rule

Yesterday, the CFPB published guidance related to the TILA-RESPA Integrated Disclosure (TRID) Rule. This included a Factsheet on how to disclose title insurance on the Loan Estimate and Closing Disclosure, including when a negative owner’s title insurance cost disclosure is appropriate.

The CFPB also updated the TRID FAQs to include guidance on the total of payments disclosure, using the optional signature line on the Loan Estimate and Closing Disclosure, and the requirement to include seller information on the consumer’s disclosures if providing separate Closing Disclosures.

You can access the TRID Title Insurance Factsheet and TRID FAQs here.