TRID Mortgage Laws

Get PreApproved Here

TRID which stands for TILA (Truth In Lending Act) and RESPA (Real Estate Settlement Procedures Act) is a policy put into play that mandates a three day turn time from notifying a client on final closing costs three business days before closing.

• If a federal holiday falls in the three-day period, add a day for disclosure delivery
• Three-day period is measured by days, not hours. Disclosures must be delivered three days before closing; not 72 hours before closing
• Disclosures sent via esign, 3 days is based on consumer acceptance of documents

THREE DAY – DISCLOSURE TIMELINE