Realtors® Applaud CFPB Extension of TRID Implementation
Jun 17, 2015, 17:50 ET from National Association of Realtors
WASHINGTON, June 17, 2015 /PRNewswire/ -- National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark., released the following statement in response to the Consumer Financial Protection Bureau's announcement of a two-month delay for the implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure, or TRID, regulation.
"The action announced today by the CFPB is a welcome step. NAR has long advocated the need to avoid implementing the new regulation during the peak summer selling season.
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