Understanding the new TILA/RESPA Integrated Disclosure Rule (TRID) Forms and Regulations

In 2015, the Consumer Financial Protection Bureau (CFPB) will implement the new TILA/RESPA Integrated Disclosure Rule (TRID) forms – the Loan Estimate and the Closing Disclosure. These two forms will replace the traditional Good Faith Estimate, Truth in Lending disclosure and the HUD-1 Settlement Statement in most residential real estate transactions. TRID also includes new requirements for the proper timing and delivery of the new forms.

At North American Title, we are committed to providing information about the new rule that will help our real estate and lender customers prepare for the implementation and our home buyers and sellers become familiar with the new forms. Click on the links below to download these informative brochures and flyers.

This 12-page brochure that provides a brief explanation of the forms, as well as a page-by-page view of the 3-page Loan Estimate and 5-page Closing Disclosure.

The following two charts provide an informative look at the 3-Day Closing Disclosure requirements as well as the TILA/RESPA Integrated Disclosure timeline.

Preparing for the TRID implementation, will ensure a smooth transition for our Real Estate Agent and Lender customers. The following flyers and brochures provide a handy reference guide for actions you can take now to prepare for the changeover to the new forms.

Need more information? Check out all of our informative resources at the CFPB Implementation section of our website at www.nat.com/CFPB.