Loan Estimate

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January 1, 1 7 min read Definitions

TILA-RESPA Integrated Disclosures (TRID)

TILA-RESPA Integrated Disclosures TRID Mortgage Disclosures Dodd-Frank Act Real Estate Settlement Procedures Act Truth in Lending Act Loan Estimate Closing Disclosure

TILA-RESPA Integrated Disclosures (TRID), established in 2015 under the Dodd-Frank Wall Street Reform and Consumer Protection Act, streamlined and simplified existing mortgage disclosure forms. By integrating the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA), TRID aimed to ensure borrowers receive clearer, more concise information about their mortgage details and associated costs.