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CFPB releases factsheet on construction loans under TRID
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Banking, The Road through Oct. 3
Tuesday, January 12, 2016
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The Consumer Financial Protection Bureau (CFPB) has released a two-page factsheet on construction loans and their place under the TILA-RESPA Integrated Disclosure (TRID) rules, also known as the Know Before You Owe disclosure rule. The factsheet covers the procedures to follow if the creditor decides to finance the construction phase and permanent phase.
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