- Business Rules
Do loans containing closing costs paid by the Lender require any fees to be disclosed since they are not paid by the borrower?The Loan Estimate applies to all estimated closing costs disclosed in good faith whether the charge was paid by or imposed on the consumer.
Citation(s): §1026.19(e)(3)(i) and §1026.37(g)(6)
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here