TRID: Construction Loan Disclosures

If you work with loans subject to TRID, you know that getting the disclosures right can be complicated. If you deal with construction loans, it can get a lot more complicated. Many construction loans are set up as multiple-advance, closed-end loans, and that bring Appendix D of Regulation Z to the table.

Jerod explains more in the video.


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Video Highlights:

  • Disclosing construction loans under TRID can be quite complex and confusing.
  • One issue when disclosing construction loans is not knowing when the advances are going to be made.
  • Appendix D requires lenders to decide how they want to disclose by either assuming half the commitment is outstanding for the entire term of the loan or having interest accrue on 100% of loan proceeds over the term.

Published
2023/07/17
Jerod Moyer

Jerod Moyer

Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!

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