NAR to CFPB: Give us access to the Closing Disclosure

Association asks bureau to add clear, written guidance in new TRID rule to address some of its unintended consequences and varied lender interpretations
  • NAR has written a letter to the CFPB asking the bureau to give real estate agents access to the Closing Disclosure.

When the new disclosure rules were rolled out in October of last year, the biggest concern in the real estate industry was that the TRID (TILA-RESPA Integrated Disclosures) rule would delay closings, causing snafus in buyer and seller timelines. However, a more significant problem for real estate agents has since emerged: Getting access to the Closing Disclosure (CD).