We need your help with a proposed TRID hold harmless period

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sphillips
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We need your help with a proposed TRID hold harmless period

H.R. 3192 proposes a hold-harmless period for TRID. We are looking for anecdotes or impact statements from community bankers or their third party vendors that reflect how homebuyers who are buying post October 3rd will be harmed without a hold harmless period during which banks would be free to openly test and correct their good faith efforts to comply with TRID without the threat of a lawsuit for the TRIDs not being perfect from the start. If you can tell us how a hold-harmless period would affect your customers and your operations with TRID, we'd appreciate it. We need this information ASAP--today if possible.  For maximum impact, we encourage your comments to emphasize the true affect on consumers rather than on your bank. Call or email me: 512.275.2221 or sphillips@ibat.org.

Shannon Phillips
Deputy General Counsel
IBAT
sphillips@ibat.org
512-275-2221