Senator Ayotte's Letter to CFPB's Cordray Regarding TRID Grace Period.pdf

Issue Date: September 18, 2015

US HR 4173 - 2010 Dodd Frank Wall Street Reform and Consumer Protection Act

On September 18, 2015 Senator Ayotte sent a letter to CFPB's Director Cordray egarding the Consumer Financial Protection Bureau's (CFPB) implementation of the TILA -RESPA Integrated Disclosure (TRID) regulation, which becomes effective on October 3, 2015. In the letter Senator Ayotte requests that the CFPB announce and implement a grace period through January 1, 2016 for lenders that make a good faith effort to tailor their disclosures to the new requirements.