Truth in Lending-Real Estate Settlement Procedures
rural-development · Rural Housing Service · Rule · Published 2018-03-23 · Effective 2018-06-21 · 83 FR 12657
Document
Document number
2018-05999
Federal Register citation
83 FR 12657
CFR reference
7 CFR 1940
Type
Rule
Action
Direct final rule.
Category
rural-development
Sub-agency
Rural Housing Service
Publication date
2018-03-23
Effective date
2018-06-21
Abstract
The Rural Housing Service (RHS or Agency) will obsolete (and reserve) the Truth in Lending--Real Estate Settlement Procedures regulation to ensure compliance with the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Mortgage Disclosures rule, commonly referred to as the TRID rule. This direct final rule will eliminate the functionally obsolete regulation in order to ensure compliance with the TRID rule, as the standard to follow.