18-EF-07: CFPB - TILA-RESPA Integrated Disclosures (TRID) Rule

The Bureau has finalized amendments to the provisions of the TILA-RESPA Integrated Disclosures (TRID) Rule to eliminate the four-business day limit for resetting tolerances with a Closing Disclosure (including any corrected Closing Disclosures provided pursuant to Section 1026.19(f)(2)(i) or (ii) of Regulation Z). The final rule retains the current requirement for resetting tolerances with a Closing Disclosure, so a creditor is still required to provide the Closing Disclosure to the consumer within three business days of receiving information sufficient to establish a reason for revision.