Ready or Not, Here Comes TRID

ChangeIsComing

New closing rules will take effect tomorrow, October 3rd.

The TILA-RESPA Integrated Disclosure (TRID) was created to provide consumers with more transparency and understanding during the home buying process, and to promote compliance with existing TILA and RESPA laws. 

Essentially, 4 mortgage forms will be trimmed down to 2. The RESPA Good Faith Estimate and Initial Truth-In Lending disclosure have been combined to create the Loan Estimate form, and the RESPA HUD-1 and the Final Truth-In Lending Disclosure now comprise the Closing Disclosure.

REALTOR® Magazine recorded a live webcast to discuss the TILA-RESPA Integrated Disclosure (TRID) and how it impacts business for real estate professionals. Knowledge is power. Be informed.

 

Leave a Reply

32 + = 42

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Share the Post:

Related Posts

2024 Broker Report Banner March

March 2024 Broker Report

Print đź–¨ PDF đź“„ IN THIS ISSUE MLS Stats NAR Agrees to Settlement; Register for our webinar on 4/3 for CRMLS Response How to Power Your Searches When You’re on the Go

Read More »
2024 Broker Report Banner Feb

February 2024 Broker Report

Print đź–¨ PDF đź“„ IN THIS ISSUE MLS Stats Local Logic Integrated in Matrix on February 21 MLS Match Makes the Referral Process Seamless Compliance Enhancements & Products Flex Matrix Paragon Beware

Read More »