Don’t TRID On Me: New Mortgage Regulations Further Highlight the Importance of Hiring a Great Real Estate Attorney
On October 3rd, 2015 a new federal consumer disclosure law will go into effect significantly changing the way mortgage lenders disclose the closing costs, conditions and terms of mortgage loans. The new disclosure is TRID, which stands for TILA (Truth-In-Lending Act) RESPA (Real Estate Settlement Procedures Act) Integrated Disclosure. As a huge fan of transparency […]