TRID update: It's 'appropriate' for agents and brokers to access Closing Disclosure

  • After TRID was implemented in October 2015, agents and brokers no longer had easy access to the Closing Disclosure (CD), a loan document that replaced the HUD-1 Settlement Statement.
  • The CFPB modified TRID rules to clarify that sharing a CD with agents and brokers is "usual, accepted and appropriate."

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The CFPB finalized updates to the 560-page TRID rules, including an update about privacy and sharing of information that should make it easier for agents and brokers to access the Closing Disclosure.