Joint Disclosure Deadline Proposal Seeks October 3, 2015 Effective Date

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As promised, the CFPB has announced, via a proposed amendment, that the effective date of the new Joint Disclosure Rule (TRID) will be Saturday, October 3, 2015.  According to the CFPB, implementation on a weekend will allow software providers the opportunity to test systems in anticipation of the workweek launch.

For more information on the CFPB’s announcement, please click here: http://www.consumerfinance.gov/newsroom/cfpb-proposes-two-month-extension-of-know-before-you-owe-mortgage-rule/

Again, the effective date of the new Joint Disclosure is October 3, 2015.