TRID (TILA-RESPA Integrated Disclosure)
Featured Articles on TRID
New Disclosure Forms Alter Transactions (May 5, 2015)
Overview of Changes to Disclosures
(April 9, 2015)
RESPA/TILA Integration Remains a Learning Experience (April 6, 2015)
RESPA/TILA Changes Around the Corner (January 14, 2015)
In November 2013, the Consumer Financial Protection Bureau (CFPB) integrated the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures and regulations. Any transaction involving a mortgage will use new CFPB disclosure forms. The new TRID forms were to be implemented on August 1, 2015. However, the Consumer Financial Protection Bureau (CFPB) has proposed an amendment to delay the effective date of the implementation until October 3, 2015. The proposal will be available for public comment until July 7.