CFPB issues TRID amendment about closing disclosure to third parties

On Friday, the Consumer Financial Protection Bureau clarified its position on real estate agents sharing closing disclosure with third parties by amending the TILA RESPA Integrated Disclosure (TRID) mortgage disclosure rule.

According to the NAR story, “CFPB Final Rule Clear on Ability to Share CD,” closing disclosure is allowed as long as it is consistent with the Gramm-Leach-Bliley Act, Regulation P and isn’t barred by state law.

For a copy of the CFPB press release, the final rule and more, see the NAR story.

 

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