trid: First American Title's "Class Act" on TRID, TILA, RESPA & CFPB - 06/01/15 01:19 PM
 
Major changes in the real estate industry are coming.  Again.  The epicenter is on mortgage disclosures and closing procedures.  But -all- professions involved in real estate will be affected, so we need to keep our heads up and eyes open.
Today we attended advanced training on the federal Consumer Finance Protection Bureau's collection of changes known simply as TRID:  "TILA(Truth in Lending Act)-RESPA(Real Estate Settlement Procedures Act) Integrated Disclosure".
If you don't think that sounds like something "simple" to be known as, then you're already on track to respect, (if not fully understand) the 1,888-page Congressional work of genius that was to "simplify" … (2 comments)