Lending regulation
TRID
The rule combining Truth in Lending and RESPA disclosures into two forms
The TILA-RESPA Integrated Disclosure rule replaced the older forms with the Loan Estimate, delivered shortly after application, and the Closing Disclosure, which must reach the borrower before closing so there is time to compare the two. The Consumer Financial Protection Bureau administers it.
How the exam asks about it
Know both form names and which end of the transaction each belongs to. The older Good Faith Estimate and HUD-1 are the standard distractors.
Related terms
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