Removing Barriers Blog

CFPB Issues TRID Surveys
Posted February 07, 2020 by Chandler Schuette

The CFPB is currently conducting an assessment of the TILA-RESPA Integrated Disclosures (TRID) Rule.  The assessment of major rules within five years after final action is required by the Section 1022(d) of the Dodd-Frank Act. 

As part of the TRID assessment, the CFPB is conducting three industry surveys: loan originators, loan officers, and closing companies. These surveys will help the CFPB learn about the experiences of industry participants. 

Please note that participation is voluntary. However, the surveys will assist the CFPB in understanding the effects of the rule and responses from community-based lenders will provide the CFPB with a better picture of how those entities were affected by the TRID Rule.

The deadline to submit a survey response is March 6, 2020