CFPB issues TRID Fact Sheet and FAQs

The CFPB has published a Factsheet on TRID Title Insurance Disclosures Compliance Aid and four new FAQs on—

• disclosing seller-paid loan costs on a separate closing disclosure for the consumers/borrowers;
• lender credits,
• the total of payments (yes, you subtract any negative prepaid interest), and
• using the optional signature line on the closing disclosure (are you providing a copy for the consumer to retain?)

These two documents can be found on the CFPB's TILA-RESPA integrated disclosures (TRID) resources page.