The CFPB published additional guidance related to disclosure of construction and construction-permanent loans under the TILA-RESPA Integrated Disclosure (TRID) Rule. The CFPB published two guides on disclosing construction-only and construction-permanent loans with examples based on common questions received by the CFPB. The guides provide illustrative examples about TRID and Regulation Z provisions related to completing construction and construction-permanent loan disclosures.
Link to the update
https://www.consumerfinance.gov/policy-compliance/guidance/tila-respa-disclosure-rule/
Links to the Guides
Combined Guide:https://files.consumerfinance.gov/f/documents/cfpb_trid-combined-construction-loan-guide.pdf
Separate Guide:https://files.consumerfinance.gov/f/documents/cfpb_trid-separate-construction-loan-guide.pdf
