Android Data Binding - Observe edit text's value that is wrapped in custom view

I have a custom view that wraps an edit text.

I want the the observe the changes of this edit text at the class that uses this Custom View, using Data Binding.

How can I expose the input string of the edit text to the other classes that use the custom view?

Is two way data binding the only way?

In other XML:

<MyCustomView
        android:id="@+id/password_edittext"
        android:layout_width="match_parent"
        android:layout_height="wrap_content"
        app:password="@={controller.password}"
        app:isPasswordValid="@={controller.isValid}"/>

The layout of the custom view (Linear Layout):

<merge>

    <com.google.android.material.textfield.TextInputLayout
            android:id="@+id/security_code_input_layout"
            android:layout_width="match_parent"
            android:layout_height="wrap_content"
            app:layout_constraintEnd_toEndOf="parent"
            app:layout_constraintStart_toStartOf="parent"
            app:layout_constraintTop_toBottomOf="@id/email_text_view">

        <com.google.android.material.textfield.TextInputEditText
                android:id="@+id/security_code_edit_text"
                android:background="@drawable/edittext_background"
                android:inputType="textPassword"
                android:text="@={view.pass}"
                app:onSubmit="@{() -> view.onKeyboardActionDoneClicked()}" />

    </com.google.android.material.textfield.TextInputLayout>

    <TextView
            android:layout_width="match_parent"
            android:layout_height="wrap_content"
            android:text="@string/textfield_error_invalid_password_length"
            app:visibleOrGone="@{view.showInvalidPasswordText}" />

</merge>

from Android Data Binding - Observe edit text's value that is wrapped in custom view