Articles

CFPB Releases Construction Loan Guides

March 4, 2020 - 1 min read

On Wednesday, December 18, 2019, the Consumer Financial Protection Bureau (CFPB) published two guidance documents related to disclosing construction and construction-permanent loans under the TILA-RESPA Integrated Disclosure (TRID) Rule using the Loan Estimate and Closing Disclosure forms. One guide addresses a combined, one-transaction disclosure construction-to-permanent loan. The other provides guidance on disclosing a construction-to-permanent loan…

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