NDC-006 Regulation Z – Settlement Service Provider List (SSPL) Compliance Reminder
NOTICE TO: Non-Delegated Correspondents
Important Settlement Service Provider List (SSPL) Compliance Reminder
FLCBank reminds customers that Regulation Z was updated April 2, 2022 (TRID 2.0) providing clarifications and instructions that the written list of providers must correspond to the Loan Estimate (LE).
The intent of the regulation’s update is to ensure transparency to borrowers as they compared the service provider list to Section C of the LE. FLCBank continues to see instances where this change is not being followed therefore causing a violation of TRID.