Friday, October 2, 2015
TRID STARTS TOMORROW
October 3 is the start date for the new Loan Estimate and Closing Disclosure requirements a/k/a the “Truth-in-Lending RESPA Integrated Disclosure” Rule a/k/a TRID that will combine two existing disclosure regimes under TILA and RESPA and make mortgage disclosure easier for consumers to understand and use.
According to the Consumer Financial Protection Bureau: http://www.consumerfinance.gov/blog/know-before-you-owe-making-the-mortgage-process-easier-for-you/
For some other views on this see: