From Mortgage Orb.
The National Association of Realtors (NAR) is pushing for reforms to the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures (TRID) rule, also known as the Know Before You Owe rule.
The bureau announced in April that it would be clarifying its TRID rule come July. It is currently gathering feedback on its proposal to improve the rule through additional verbiage that would bring greater clarity and reduce risk for lenders, Realtors and investors.
In a recent letter to the bureau, NAR asks the CFPB to clarify that lenders can share the closing disclosure (CD) with third parties, including real estate agents, provided that the lender receives consent form from the consumer.