Brandy Hood Quoted in HousingWire Article, "CFPB: TRID Comment Period Now Open"
August 15, 2016
Brandy Hood was quoted in Brena Swanson's HousingWire article, "CFPB: TRID Comment Period Now Open," on August 15, 2016.
The 64-day countdown begins now on the comment period for the proposed updates to the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule.
And there are plenty of areas to weigh in on.
In her initial reaction to the rule, Brandy Hood, associate at BuckleySandler, noted that an important aspect to the rule is how often the CFPB asks for comment on it.
“They ask for guidance on whether certain changes are appropriate. Have they gone too far? Should they go further? They are willing to ask for direction,” she said.
For those who choose to respond, comments must be received on or before Oct. 18, 2016. Check the Federal Register here for instructions and ways comments can be submitted.