Truth in Lending-Real Estate Settlement Procedures

The Rural Housing Service (RHS or Agency) will obsolete (and reserve) the Truth in Lending--Real Estate Settlement Procedures regulation to ensure compliance with the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Mortgage Disclosures rule, commonly referred to as the TRID rule. This direct final rule will eliminate the functionally obsolete regulation in order to ensure compliance with the TRID rule, as the standard to follow.