TRID Update 7/7/2017

On Friday July 7, 2017 CFPB sent out notification that the updates to the TRID Rule were finalized. It’s effective date is October 1, 2018, and the issues addressed in the 560 page update include:

1. Changes to the total of payments calculations
2. Housing assistance lending clarification on transfer tax and recording fees
3. Cooperatives are now subject to the TRID Rule
4. Privacy and share of information

Additional information can be found here.