What’s the Newest TRID Final Rule All About?

A July 2017 Final Rule updated the TRID rules with some substantive changes in many areas where implementation challenges were identified.  The 560-page rule formally implements CFPB guidance on topics such as shopping, good faith, calculating cash to close, construction loans, seller credits, disclosing property taxes and property value, revised disclosures, and much more.  In addition to these clarifications, another proposal was introduced for further amendments.  This Final Rule is not something you want to overlook!

 

The Final Rule has a mandatory compliance date of October 1, 2018; however, many of the changes you can begin implementing right away.  Do you have it all figured out?  Rest assured we have all the information for you, in plain English!  Join us for our TRID Update-The 2017 Final Rule Webinar on November 2, 2017.

You can also learn more about tila-respa integrated disclosures rule, including additional TRID training information.

Published
2017/10/26
Deb Irving

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.

He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.

David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.

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