Good news: Realtors can now access the Closing Disclosure, says CFPB

A letter that NAR sent in June seems to have been heeded
  • Today, the CFPB announced proposed updates to TRID, including one that clarifies that lenders may share the Closing Disclosure with third parties.

When the Consumer Financial Protection Bureau (CFPB) announced several changes to the closing process that became effective in October, real estate agents and brokers had a few major concerns about the new rules. The biggest initial concern involved delays to the closing process, but after TRID (TILA-RESPA Integrated Disclosures) rules were implemented on October 1 of last year, agents realized they had an entirely different problem: They sometimes could not access certain closing documents to review with their clients, including the new Closing Disclosure (CD).