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CFPB Proposes Long-Awaited Updates to TRID

CFPB Proposes Long-Awaited Updates to TRID

The CFPB updated its "Know Before You Owe" mortgage disclosure rule to provide more clarity to lenders. It has proposed additional tolerance provisions, clarified a partial exemption for housing finance agencies, extended the rule's coverage to all cooperative units, and provided more clarity about privacy and the sharing of information.

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