Maryland Financing Agreement

Maryland Senate Bill 392 eliminates the required use of the Maryland Financing Agreement for all loan transactions subject to the TILA / RESPA Integrated Disclosure (TRID) rules beginning 7/1/2017.  Perhaps others will drop the duplication of information which causes confusion for mortgage borrowers

Ellie Mae discontinued this document on July 18th for all loans subject to TRID. 

Please note that Maryland Financing Agreements provided from July 1st through July 17th for TRID loans are not subject to regulatory scrutiny.

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