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The Consumer Financial Protection Bureau once again is proposing a new effective date for TRID. Just last week, the CFPB proposed delaying the effective date of the TRID rule until Oct. 1. As of today, the proposed effective date would be Oct. 3, 2015. The original effective date was Aug. 1, 2015.

The TRID rule requires additional mortgage disclosure forms and a more complex compliance apparatus for lenders.

The CFPB stated that it believes that scheduling the effective date on a Saturday may facilitate implementation by giving industry over the weekend to launch new systems and to test systems.

The proposal will be open for public comment until July 7.

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