- Business Rules
If the contract states the Seller is to pay for the owner’s title policy, would that mean that it would not need to be disclosed on the Loan Estimate?It still needs to be disclosed. It would appear as a Seller Credit under the "Calculating Cash to Close" section.
Citation(s): §1026.37(h)(1)(vi) and Commentary ¶37(h)(1)(vi)
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here