- Business Rules
How will state auditors look upon disclosures with no lender name or identifier? Are you doing anything to obtain CFPB guidance on this issue?See also the answer to the previous question, "What name is used for the Creditor/Lender?" The mortgage broker must make a good faith effort to disclose the name and address of the creditor, but if the name of the creditor is not yet known it may be left blank.
Citation(s): Commentary ¶37(a)(3)-2
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here