TRID

TRID

Changes to Federal Lending Regulations: 

This summary sheet produced by the Connecticut Association of REALTORS® provides a synopsis of the impact of the new TRID regulations on closing documents, closing procedures, pre-qualifications, and more.

 NAR FAQ for TRID Regulations

Broker Contact Information for Closing Disclosure

ECAR’s version of the form to provide detailed information about the real estate licensees connected to real estate transactions involving mortgages. No buyer or seller signatures are required.

Contract Addendum to Assist Lenders: 

Lenders are required to provide detailed information about the real estate licensees connected to real estate transactions involving mortgages.  The CTR Risk Reduction Committee suggested that we assist lenders by providing an addendum with that information to assist lenders. That document is currently available at the CTR website (members only login required). Access the document here.

CFPB Closing Disclosure Addendum to Contract 

is an Addendum to the Purchase and Sale Contract created by CTR for the purpose of outlining how both the closing timeline should proceed under the new TRID rules, and what responsibilities each party has within that timeline. This form is not required under the TRID rules to be used or required under any other law, but available as an option due to requests from the membership.

Transaction Checklist:

An Excel spreadsheet developed by the ECAR Forms Committee to help you set transaction dates to comply with the TILA/RESPA changes

 

Closing Statement seminar video:

Watch this 1 hour 24 minute video with Toby Griffis and Jon Peck presenting all the details about the changes in TILA/RESPA.

 

 

TRID (TILA-RESPA Integrated Disclosure) on Realtor.org

TILA-RESPA Integrated Disclosure rule implementation on the Consumer Financial Protection Bureau web site.