---
title: "TRID: What Loans Are Covered?"
description: TRID Guidelines for Beginners. Mortgage Lending help. Guidance for new Loan Officers.
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [TRID: What Loans Are Covered?](https://blog.bankerscompliance.com/en/trid-what-loans-are-covered)

 Written by [Jerod Moyer](https://blog.bankerscompliance.com/en/author/jerod-moyer) | Dec 19, 2022 10:04:23 PM

Are you new to TRID? The TRID rules can be overwhelming, especially for beginners. If you are going to be successful, the first place to start is knowing which loans are subject to the TRID rules.

Jerod explains more in the video.

 

#### Transcript:

Let's go to page number two. On page number two, [TRID](https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/tila-respa-integrated-disclosures/) coverage. I'm just going to draw your attention to the box in the middle of the page. What's in, what's out when it comes to TRID? For this program's sake, what you need to know is you need three ingredients. If they're present, the [TRID](https://www.fdic.gov/resources/bankers/consumer-compliance/mortgage-lending/) rules apply. We've got a consumer purpose. Back on page one, that's why we went through consumer and consumer credit. It's got to be closed in. In other words, the loan is a closed-in loan, meaning that it's not like a credit card where I can advance and then I can pay that money back, and then I can readvance those same funds once they're paid back. It's got to be closed in, not revolving like a credit card. It has to be secured by dirt. A misconception here once in a while is I have to have a dwelling, right? This is about home loan disclosures. Well, it could have a dwelling on the dirt, but it only has to have dirt.

If those three ingredients are present, you have a TRID disclosable loan. We'll just leave it there. That's the introductory level as far as coverage is concerned.

Published  
2022/12/19

 

[View full post](https://blog.bankerscompliance.com/en/trid-what-loans-are-covered)

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