MBA Releases New TILA/RESPA Integrated Disclosure Resource Guide

The Mortgage Bankers Association released a new TILA/RESPA Integrated Disclosure Resource Guide designed to assist lenders in complying with the TRID rule by Oct. 3.

TRID was issued by the Consumer Financial Protection Bureau and combined the mortgage disclosure regimes established by the Truth In Lending Act and the Real Estate Settlement Procedures Act into a single rule.

“TRID is 1,888 pages in length and affects every business functioning in the single-family mortgage market,” said MBA Vice President of Education Development Jeffrey Schummer. “Compliance with this new rule requires major systems and operational changes. As such, MBA’s TRID Resource Guide will help companies to ensure compliance by the Oct. 3 deadline.”

Specifically, the TRID Resource Guide covers  new Loan Estimate and Closing Disclosure in detail; outlines top issues with the rule; and provides a set of model policies and procedures along with checklists for implementation and working with technology providers.

The TRID Resource Guide is written by two of the industry’s top compliance experts: Richard Andreano Jr., a partner with Ballard Spahr LLP; and Richard Horn, a partner with Dentons.

For more information on how to purchase the TRID Resource Guide, click https://www.mba.org/conferences-and-education/mba-education/compliance-essentials/mba-compliance-essentials-tila-respa-integrated-disclosure-(trid)-forums?utm_source=Informz&utm_medium=Email&utm_campaign=mba.org.

For more information about MBA Education, visit education@mba.org.