- Business Rules
Is the rule's prohibition on using "N/A" or a "-" when fees don't apply pre-emptive of state requirements regarding no blanks spaces on disclosures?Section §1026.28 provides information regarding inconsistent disclosure requirements where there is a conflict between federal and state laws. This section additionally allows for a state to request a determination by the CFPB regarding the inconsistencies. You will need to ascertain from each state where this conflict exists and how the state is anticipating compliance with those state laws inconsistent with federal regulation.
Citation(s): §1026.28(a) & (b)
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here