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FDIC Releases Revised Examination Procedures for TILA-RESPA & TRID

Posted on 7/1/2015

The Federal Deposit Insurance Corporation (FDIC), yesterday released a statement on the revised interagency examination procedures for the new Truth in Lending Act (TILA) - Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure Rule (TRID Rule).

Examiners will now use the updated examination procedures to evaluate financial institutions. "The procedures also include updates related to the Consumer Financial Protection Bureau's ability-to-repay, servicing and high-priced mortgage loan rules."

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