System Setting Updates: Total Monthly Payment Amounts on the Integrated Disclosures for Construction-to-Permanent Loans
TRID 2.0 provides the following guidance for cases where the first column of the “Projected Payments Table” (“PPT”) reflects the amounts payable during both the construction- and permanent-phases of a construction-to-permanent loan:
“If the creditor elects to disclose the construction and permanent phases as a single transaction,…