WHAT IS TRID?

By now, you have probably heard about TRID – – the big real estate change which occurred on October 3rd. The “TILA-RESPA Integrated Disclosure” was designed and implemented by the federal government in yet another over reaching attempt to “protect” consumers. TILA stands for “Truth in Lending Act” and RESPA stands for “Real Estate Settlement Procedures Act”. These two federal lending requirements are to be “Integrated” into a “Disclosure” that provides very firm rules as to the precision and advance notice to which lenders must adhere in providing information to borrowers.

Continue reading

© 2021 Wolfe & Company Realtors – Carlisle Real Estate Listings in PA. All Right Reserved. Design by Green T Design