CFPB RFI on Promoting Access to Mortgage Credit (TRID / Rescission / Reverse Mortgage Disclosures)

Current understanding

The CFPB has issued a Request for Information soliciting public comment on potential changes to mortgage disclosure regimes — specifically the TILA-RESPA Integrated Disclosure (TRID) rule, the right of rescission under TILA, and reverse mortgage disclosures — with the stated goal of reducing regulatory burden and promoting access to mortgage credit. Status: RFI (pre-rulemaking); no proposed or final rule text has been issued, and any substantive changes would require separate notice-and-comment rulemaking. Consumers, lenders, and reverse mortgage originators may submit comments; the RFI signals policy direction but does not itself alter any existing disclosure obligations.

Evidence log

Open questions

Related