The Consumer Financial Protection Bureau says it is working with those who offer construction loans to ensure its new TILA/RESPA Integrated Disclosure (TRID) rule, also called the Know Before You Owe” rule—which took effect last year—is implemented smoothly.

Some in the mortgage industry haven't been pleased with the level of guidance on the rule. In a blog post on Ballard Spahr's CFPB Monitor following the January release of a fact sheet about the disclosure of construction-to-permanent loans under the rule, attorney Richard J. Andreano said the fact sheet wasn’t enough because it “does not provide detailed guidance” for mortgage industry professionals.