- Business Rules
Is the Total Interest Percentage (TIP) a life-of-loan field? Must it be retained in a servicing system?There are no provisions requiring use or disclosure of the TIP beyond disclosure on the Loan Estimate and Closing Disclosure.
Citation(s): Commentary ¶37(l)(3)
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here