New TRID FAQs

Adam Witmer
Regulation Z, TRID, Regulatory Update

On 5/14/2021, the CFPB published a set of 5 new TRID FAQs on their website. These FAQs relate to housing assistance loans and are the first TRID FAQs to be released in nearly a year. The new TRID FAQs answer the following questions:

  • Are housing assistance loans covered by the TRID rule?

  • What are the criteria for the Regulation Z Partial Exemption from the Loan Estimate and Closing Disclosure requirements?

  • What are the criteria for the BUILD Act Partial Exemption from the Loan Estimate and closing Disclosure requirements?

  • If a creditor opts for one of the partial exemptions, from which disclosure requirements is the transaction exempt?

  • Can a creditor provide the Loan Estimate and Closing Disclosure for a loan that qualifies for the BUILD Act Partial Exemption?

The CFPB FAQs can be found here.


Adam Witmer
Regulation Z, TRID, Regulatory Update
Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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