Understanding TRID Disclosure Timing Overlays in South Carolina
Introduction to TRID and Its Importance The TILA-RESPA Integrated Disclosure (TRID) rule is a fundamental regulation implemented by the Consumer Financial Protection Bureau (CFPB) that combines two critical disclosures: the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). Instituted in October 2015, TRID aims to streamline the mortgage process, fostering … Read more