Despite TRID Clarification, Check With Lender Before Sharing CD

August 11, 2016

In addition to clarifications and technical corrections to TRID, the CFPB's proposed amendments focus on other issues within the rule including privacy and sharing of the Closing Disclosure. Despite the proposed rulemaking addressing this topic, ALTA encourages members to continue to review closing instructions carefully as many lenders prohibit their settlement agents from sharing the Closing Disclosure with third parties, including real estate agents.

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