WASHINGTON—With Aug. 1 fast approaching, support for a bill that would provide a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under CFPB’s TILA-RESPA Integrated Disclosures (TRID) regulation continues to grow.
The legislation, HR 2213, which was introduced by Reps. Steve Pearce (R-NM) and Brad Sherman (R-CA), seeks to provide reasonable hold-harmless period through the end of the year following the Aug. 1 deadline of the TRID reg.
Joining CUNA in signing a letter in support of that bill are, in addition to NAFCU, American Bankers Association, American Bankers Insurance Association, American Escrow Association, American Land Title Association, Appraisal Institute, Community Home Lenders Association, Community, Mortgage Lenders of America, Consumer Bankers Association, Consumer Mortgage Coalition, Credit Union National Association, Housing Policy Council of the Financial Services Roundtable, Independent Community Bankers of America, Mortgage Bankers Association, National Association of Home Builders, National Association of Mortgage Brokers, National Association of Realtors, Real Estate Services Providers Council, Inc., and The Appraisal Firm Coalition.