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THE REFERENCE BLOG

  • TILA-RESPA Integrated Disclosure Rule Implementation

    Posted: Jul 06, 2015
    Tagged: Real Estate TRID

    This October the Consumer Financial Protection Bureau will replace the four existing disclosures required in most residential mortgage transactions under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) with two new ones. The Good Faith Estimate and Early Truth in Lending forms will be replaced by the Loan Estimate and the HUD-1 settlement statement and the Final Truth-in-Lending disclosure will be replaced by the Closing Disclosure. . . Read Full Article