- Business Rules
If the borrower isn't paying for the Owner's Title Policy, does it even have to be disclosed at all?Yes. It would appear either as a Lender Credit under the total closing costs or as a Seller Credit under the "Calculating Cash to Close" section.
Citation(s): §1026.37(g)(6) and §1026.37(h)(1)(vi)
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here