Home on the web ~ Dan Van Fleet

Information on SoftPro ProForm with some general computer tips and techniques, with a bit of me.

Home on the web ~ Dan Van Fleet - Information on SoftPro ProForm with some general computer tips and techniques, with a bit of me.

Hit the brakes, DELAY until October 1st

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It started in late March, today the brakes are applied, we are now in a delay.  The August 1st deadline for the TRID regulations has been delayed until October 1st. The party line is there was an administrative mistake that was just discovered, in the nick of time. I’m glad that thing showed up. That provides a little relief, not much, sometimes.2 months is a day in development. Here’s what they said,

 

“The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until October 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

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