Which entity is responsible for enforcing compliance with TRID regulations?

The correct entity responsible for enforcing compliance with TRID regulations is the Consumer Financial Protection Bureau (CFPB). The TRID regulations, which stand for TILA-RESPA Integrated Disclosure, were established to provide clarity and transparency in the loan process for consumers. The CFPB was created specifically to oversee and enforce consumer protection laws within the financial sector, including those related to mortgage lending and settlement processes.

The role of the CFPB involves monitoring compliance with these regulations, providing oversight and guidance to lenders and financial institutions, and addressing any violations that may occur. By doing so, the CFPB aims to ensure that consumers are adequately informed about their loan terms and can make educated decisions regarding their real estate transactions.

Other entities listed, while important in their respective roles within the real estate and housing sectors, do not have the same enforcement authority over TRID regulations. For instance, the Federal Housing Finance Agency primarily oversees government-sponsored enterprises such as Fannie Mae and Freddie Mac, while the Department of Housing and Urban Development focuses on broader housing issues but does not enforce TRID specifically. The National Association of Realtors is a professional association that advocates for real estate professionals but does not have a regulatory enforcement function in relation to TRID.