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, on July 21, 2015, after calls from NAR and other industry groups, CFPB officially announced that the effective date of the implementation of the rule was delayed until October 3, 2015.