TRID grace period bill looks for a plan B

However, the year-end spending bill was announced late Tuesday, and the Homebuyers Assistance Act failed to make the list. TRID grace period bill looks for a plan B | 2015-12-16 | HousingWire Sign In

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BLOG VIEW: The date is here Oct. 3, 2015. For months, the mortgage industry has been bracing itself for the implementation of the Consumer Financial Protection Bureau’s (cfpb) tila-respa integrated Disclosure rule (TRID), which will have a sweeping effect on lenders, settlement agents, brokers and consumers.

Tying it to appropriations bill to avoid veto. The Homebuyers Assistance Act, H.R. 3192, which passed the House in October by a vote of 303-121, has yet to make its way to the Senate and the president has threatened to veto it if it gets to his desk. The bill provides a four-month grace period for businesses that are working in good faith.

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However, there has been activity in Congress to make a formal TRID grace period official through legislation, though nothing has actually passed yet. A vote is scheduled this week in the House on H.R. 3192 which includes a TRID grace period through the end of the year.

A mismatch sends up a red flag and causes the IRS computers to spit out a bill. If you receive a tax form showing. retirement accounts by the end of each year. However, there’s a grace period for.

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Just four days later, the House of Representatives voted to pass the Homebuyers Assistance Act. The Act is a bipartisan bill that provides a "hold harmless" grace period through February 1, 2016 that will protect the mortgage industry from enforcement actions if they make a good faith effort to comply with TRID regulations.

 · Such are the reasons why the House of Representatives passed a bill, H.R. 3192, on October 7 that would provide a statutory grace period for enforcement by.

Kraninger: Department of Education refusing to cooperate with CFPB RealtyTrac: May foreclosures inch up 2% Foreclosures fall to 42-month low: RealtyTrac – MarketWatch – CHICAGO (MarketWatch) – Foreclosure filings fell 2% in May, compared with April, pushing foreclosure activity down to a 42-month low, according to RealtyTrac’s monthly foreclosure market.FHFA: Completes fifth consecutive unmodified audit WASHINGTON, Nov. 15, 2017 /PRNewswire-USNewswire/ — NASA has received an unmodified audit opinion on its Fiscal year 2017 (fy 2017) financial statements, making this the seventh consecutive year.Kraninger: Department of Education refusing to cooperate with CFPB Survey Finds Short Sales Outnumber REO in January Purchases The Southeast ranked second with 73 percent, followed by the West with 71 percent, and the Midwest with 68 percent. The survey asked when homes were purchased, the purchase prices of the homes, the type of homes.

Soon after the new tila-respa integrated disclosure rule went into effect Oct. 3, the House of Representatives was scheduled to vote on a bill that would formalize the CFPB’s hold harmless grace period. The House passed H.R. 3192 by a vote of 303 to 121, but how did it get there and what will happen now?