Real Estate Professionals TRID

TRID Tips for Real Estate Agents

TRID Tips for Real Estate Agents - FAQs

TRID is the TILA-RESPA Integrated Disclosures Rule. This new rule, issued by the Consumer Financial Protection Bureau (CFPB) goes into effect on October 3, 2015. BankSouth and BankSouth Mortgage are committed to ensuring our partners in the real estate profession who will be impacted by this rule have full education and awareness about the new rule and its requirements and impacts.

You can also find additional information at the following links:

CFPB TRID Implementation Website:
http://www.consumerfinance.gov/regulatory-implementation/tila-respa/

CFPB Videos: A series of webinars to address implementation of the new rule. Please note that registration is required to view the recordings. Topics include an overview of the final rule, frequently asked questions, loan estimate form, and the closing disclosure form. Use the question index to find out which questions were answered and when during the webinar series.

Sample Forms:
Sample Completed Loan Estimate (LE) for a Fixed Rate Loan
Sample Completed Closing Disclosure (CD) for a Fixed Rate Loan

National Association of Realtors® TRID Resources 

http://www.realtor.org/topics/real-estate-settlement-procedures-act-respa

CFPB Guide for Real Estate Professionals on New Mortgage Disclosures

http://www.consumerfinance.gov/know-before-you-owe/real-estate-professionals/