TRID Disclosure and Closing Process

Summary

This practice note describes the process for closing the financing of residential real property pursuant to the TILA-RESPA Integrated Disclosure rule, also known as TRID or the "Know Before You Owe" rule (12 C.F.R. §§ 1024, 1026) and provides an overview of the mortgage industry changes implemented by TRID and their impact on practitioners.