Today, the Office of Comptroller of the Currency (“OCC”) published a revised copy of its “Truth in Lending Act” handbook. The revised version replaces its 2014 predecessor and contains a number of revisions, including requirements for integrated mortgage loan disclosures under the TILA/RESPA Integrated Disclosure (“TRID”) rules, special provisions for construction loans, small creditors, and rural or underserved areas, and updates to examination procedures and servicing rules. The revised handbook also incorporates a quick reference tool for TRID and high-cost mortgage loans. In its Bulletin, the OCC also rescinds bulletins 2014-61, 2015-27, and 2015-42.
