trid affects home buyers: How TRID Affects Home Buyers
- 11/22/15 11:00 PM
TRID
An acronym for a couple of other acronyms
is it as scary as everyone thought?
TILA-RESPA Integrated Disclosure, TRID is the work of the Consumer Financial Protection Bureau. It is the compilation of the Real Estate Settlement and Procedures Act (RESPA) and the Truth in Lending Act (TILA). Any transaction involving a mortgage now uses new disclosure forms. This new rule took effect October 3, 2015.
So how's it Going with the new TRID rules?
A few important details
The Loan Estimate-this is how Buyers apply for a loan. The new rules mean a lender provides a loan estimate and can only charge you for the … (0 comments)
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