- Format:Webinar
- Education Type:BCU Webinars
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
The Truth in Lending/Real Estate Settlement Procedures Integrated Disclosures (TRID) requirements are a string of guidelines dictating what information lenders need to share with borrowers and when they must provide it. TRID rules also regulate what fees lenders can charge and how these fees can change as the mortgage matures.
The TRID rules were originally published in 2013 and were effective in October 2015. Final TRID 2.0 rules were published in July 2017, and were effective on October 1, 2018. The industry is still waiting on the next version. But until those are published it is important to understand the challenges faced with the current rules.
This in-depth, four-part series examines the intricacies of the TRID rules and highlights various tripwires to avoid at your institution. You’ll come away with a comprehensive understanding of TRID, the Loan Estimate (LE), and the Closing Disclosure (CD), and receive a detailed manual that can serve as a handbook long after you’ve completed the series.
What You'll Learn
- General Rules
- Covered Transactions
- Exempt Transactions
- Predisclosure Activity
- Early Disclosures
- Loan Estimate
- Shopping Disclosure
- Toolkit
- Tolerance
- Good Faith
- Revised Disclosures
- LE
- CD
- Waiver of Waiting Period
