CFPB Releases TRID Readiness Guide to Aid Compliance
September 24, 2015
The Consumer Financial Protection Bureau released a Readiness Guide to help companies evaluate their readiness and help them comply with mortgage rule changes, including the TILA-RESPA Integrated Disclosures (TRID).
In the guide, the CFPB has provided a readiness questionnaire. The list covers:
- Developing an Implementation Plan
- Policies and Procedures
- Training
- Monitoring and Corrective Action
- Complaints
- Compliance Audit
- Service Provider Oversight
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