TRID: An Overview – ON-DEMAND WEBINARS

Date Recorded: February 7, 2022

Presenter: Anetria Cohen, Vice President, FORVIS

The Truth-in-Lending Act (Regulation Z) and Real Estate Settlement Procedures Act (Regulation X) both require that creditors provide information regarding the terms and cost of a transaction to the consumer – for closed-end consumer credit transactions secured by real property, such information is disclosed in the Integrated Disclosures – the Loan Estimate and the Closing Disclosure. Those that are responsible for the disclosures must have a fundamental understanding of numerous requirements: the process (timing, intent to proceed, tolerance, providing revised disclosures) and the content of the disclosures themselves.

This webinar will provide an overview of the TRID rules, including a discussion of the fundamentals – perfect for anyone new to the Loan Estimate and Closing Disclosure requirements and for those that need a refresher.

HERE IS WHAT YOU WILL LEARN:

• The Loan Estimate form and timing requirements;
• Importance of the shopping list;
• Tolerance, changed circumstances, and providing revised Loan Estimates;
• The Closing Disclosure form and timing requirements; and
• Correcting the Closing Disclosure.