Countdown to HUD-1/RESPA/TILA/TRID Integration

As you may have heard, on October 3, 2015 the new RESPA/Truth in Lending Act integration rule, often referred to as “TRID”, went into effect. The final rule integrates existing disclosures with new requirements from the Dodd-Frank Act to improve consumer understanding of the mortgage process, aid in comparison shopping, and help to prevent surprises at the closing table.

The major changes the rule implements include:

  • New “Loan Estimate” (LE) form replaces Good Faith Estimate (GFE) and initial Truth-in Lending disclosure; must be given to consumer within three business days of application

  • New “Closing Disclosure” (CD) form replaces and combines the HUD-1 and final Truth-in-Lending disclosures; must be received by consumer three days before consummation of loan


Since the rule was finalized at the end of 2013, NAR has been educating members about how it will impact their business through webinars, forums and articles. To ensure that members can find this information all in one place, NAR has created a RESPA/TILA Integration resources section at

Some of the resources members can find at the webpage include:


  • Webinar: The Demise of the HUD-1: Will You Be Ready August 1st? On May 13, NCAR Legal Counsel Will Martin facilitated this webinar with presenting attorneys Kim Rosenberg and Elizabeth Harrison. They discussed changes to the HUD-1 closing statement, the Truth In Lending disclosure and the Good Faith Estimate.

  • Webinar Q&A On May 13, 2015, NCAR hosted a webinar on upcoming changes to closing procedures as a result of the new “TRID” Rules (short for Truth-in-Lending-RESPA Integrated Disclosure Rule). A number of questions posed near the end of the webinar to the presenters, Raleigh attorneys Elizabeth Harrison and Kim Rosenberg, could not be answered due to time constraints. With the assistance of NCAR counsel Will Martin and Greensboro attorney Nancy Ferguson, Elizabeth and Kim have attempted to answer the questions.

  • Webinar: Top 20 FAQ’s on TRID In this webinar the panel will discuss Closing Attorney, Realtor® and Lender perspectives on communications and planning of timelines and workflows for timely closing under the new TILA-RESPA Integrated Disclosure (“TRID”) requirements – from due diligence deadlines in the Contract and earlier walk-throughs to avoiding last minute delays for change approvals. This webinar will be held September 16th at 2:00 pm.

#TRID #Scams

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