RC_RC_GO_300.1 TRID Compliance Basics

The goal of this course is to describe the TILA-RESPA Integrated Disclosure (TRID) rule and its requirements. TRID Compliance Basics begins with an overview of the TRID rule, explaining the background and scope of the rule and introducing the related disclosures. The course then presents the Loan Estimate and Written List of Providers forms, describing pre-disclosure requirements and restrictions. Next, the course addresses the tolerance rules that govern acceptable variances between the Loan Estimate and the Closing Disclosure along with the circumstances that require re-disclosure. Toward the end of the course, the Closing Disclosure form and associated timing and delivery requirements are presented. The course concludes with a discussion of enforcement and liability related to TRID.

This is a single-family/residential course.