Clients and Friends,
I’m writing to inform you that the CFPB this afternoon issued the final rule delaying the TRID effective date to October 3, 2015. Please find the link to the blog post announcing the final rule here: http://www.consumerfinance.gov/blog/the-know-before-you-owe-mortgage-rule-will-take-effect-october-3-2015/. The press release is available here: http://www.consumerfinance.gov/newsroom/cfpb-finalizes-two-month-extension-of-know-before-you-owe-effective-date/.
I plan to review the final rule and to follow up with any important information. But I wanted you to know about the delay to October 3, 2015 as soon as possible.
Please let me know if you have any questions.