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CFPB Punts on TRID Errors, But Offers Plenty More for Lenders

CFPB Punts on TRID Errors, But Offers Plenty More for Lenders

July 29, 2016
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The Consumer Financial Protection Bureau's proposal Friday updating its mortgage disclosure rule did not give lenders what they wanted: an ability to correct errors after a loan has closed and a release from liability for technical violations. But the 293-page proposal did provide revisions that will help in compliance and the closing of more loans.

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