CFPB indexes TRID webinar questions, answers
WASHINGTON (8/13/15)--An index of all webinar questions answered on the Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures (TRID) rule is now available one the Consumer Financial Protection Bureau (CFPB) website. TRID goes into effect Oct. 3.
The CFPB hosted five webinars over the past year to address implementation of the new rule, which is intended to provide a universal set of forms to be used during the mortgage process so associated costs of the loans for a borrower are clearly outlined.
The new Q-and-A document contains an index of each question answered, along with the date of the webinar containing the question.
The topics of each webinar are, in order, an overview of the rule, frequently asked questions, a look at the Loan Estimate form, a look at the Closing Disclosure form and implementation challenges.
The questions are arranged by each activity’s order in the mortgage process. The document also contains hyperlinks for the date of each webinar, each link taking the viewer to the table of contents of the specific webinar. The tables of contents also contain hyperlinks that will take the viewer to the specific point in the webinar, complete with audio.
Recorded versions of each webinar are also available on the bureau’s TRID resources page.