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TRID goes into effect on October 3, 2015. The National Association of REALTORS® has prepared a helpful field guide to explain the changes. Remember, you can also contact knowledgeable SAMCAR Affiliates to help you and your clients understand the new TILA-RESPA Integrated Disclosures (TRID).

In producing the new RESPA/TILA rule, the Consumer Financial Protection Bureau (CFPB) listened to NAR to nix a broad 3-day waiting period when there are changes to the closing disclosure.

RESPA is a federal statute that regulates disclosure of closing costs and prohibits kickbacks for the referral of business.