TILA-RESPA, TRID, and Regulation Z

Refer to the Federal Consumer Financial Protection Guide for additional guidance on reviewing consumer financial protection.

Questions to Consider

• Does the credit union offer members any mortgage loans? If yes,
  • Does the credit union provide members that need to obtain funds without delays due to COVID-19 related reasons with the ability to waive the TRID requirement to receive the Loan Estimate no later than seven business days before consummation?
  • Does the credit union provide members that need to obtain funds without delays due to COVID-19 related reasons with the ability to waive TRID requirement to receive the Closing Disclosure no later than three business days before consummation?
  • Does the credit union provide members that need to obtain funds without delays due to COVID-19 related reasons with the ability to waive the Regulation Z requirement for a three business day waiting period from consummation to rescind non-purchase mortgage transactions?

Last updated on September 15, 2021