CFPB has finalized the delay of the Know Before You Owe rule (TRID) effective date to Saturday, October 3, 2015.
The conditions that set the “Integrated Disclosure Loan Indicator” (Field 82233) to “Yes” or “No” based on Application Date or Today’s Date when not imported from the LOS will be updated to use 10/3/2015 as the trigger date instead of 8/1/2015.
In addition, the current data integrity error message that stops TRID loans from printing in ConformX Production is being modified to remove the reference to 8/1/2015. The text of the message on Production will be updated to the following:
Field 82233 “Integrated Disclosure Loan Indicator” (i.e. TRID indicator) is not set to “No”. TRID documents are currently unavailable on production. These will be enabled in a future release. Please change the TRID Indicator to “No” in your LOS and reimport. If you need further assistance, please contact Client Support at 1.800.497.3584.
This message will be triggered on Production if “Integrated Disclosure Loan Indicator” (Field 82233) has a value other than “No”.
The changes will be reflected in ConformX Production by July 25, 2015. A test environment for TRID is available for those interested. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
July 23, 2015