In the Fall of 2019 the Consumer Financial Protection Bureau (“the Bureau”) published a request for information to reassess the integrated mortgage disclosures under the Real Estate Settlement Procedures Act and the Truth in Lending Act. One of the primary goals identified was to assess the effectiveness of the rule itself. To accomplish this goal, the Bureau is conducting three industry surveys; the voluntary surveys are directed to loan originators, loan officers, and closing companies. According to the Bureau, these surveys will help learn about the experiences of industry participants, the effects of the TRID rule, and more accurately estimate the effects.
