The Consumer Financial Protection Bureau (CFPB) staff presented another in its series of informational webinars on the TILA/RESPA Integrated Disclosure (TRID) rule, this time focusing on construction loans. The presentation on construction lending follows a “fact sheet” covering the same topic issued in January.
The webinar focused on issues related to disclosing construction-to-permanent loans in the Loan Estimate, whether the construction and permanent phases are disclosed in a single Loan Estimate or separate Loan Estimates. While the presenters did not take questions from the participants, they noted that they received many questions during the presentation that would be logged and that the questions asked would impact future presentations. This webinar will be added to the previous webinar recordings on the CFPB website here.