TRID Compliance – Using the Old HUD and New Closing Disclosure Forms Simultaneously

The new Consumer Finance Protection Bureau (CFPB) TILA-RESPA Integrated Disclosure (TRID) regulations have caused frenzy in the mortgage industry, but it’s not over yet.

One of the biggest and most confusing changes under TRID are coming on October 3, 2015, the date lenders and real estate settlement agents must start using two new forms: the Loan Estimate (LE) and the Closing Disclosure Form (CDF). In some situations, the new forms will replace old forms by combining the overlapping data requirements of four of the current Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) forms into just two forms. Read more>> TRID-Compliance-Using-the-Old-HUD-Forms-and-New-Closing-Disclosure-Forms…