As we previously reported, the CFPB is conducting an assessment of the TILA/RESPA Integrated Disclosure (TRID) Rule. Although the comment period associated with the Federal Register notice regarding the assessment ended on January 21, 2020, there still is a chance to provide significant input to the CFPB.

The CFPB posted three industry surveys on its website. One is for lenders (which is labeled the “Loan originator survey”). One is for loan officers, and one is for closing companies. While the CFPB estimates that it will take 60 to 75 minutes to complete the loan originator survey and 20 to 30 minutes to complete the other surveys, it likely will take longer to compile the specific information requested in the surveys.

Interested parties have until March 6, 2020, to complete the surveys.