FAQ
Frequently Asked Questions & Glossary of Terms
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WHAT IS A TRID?
An acronym for the TILA-RESPA Integrated Disclosure, TRID is a set of rules meant to keep lenders from taking advantage of borrowers. It tells lenders what the various types of information they need to give to a borrower, such as the Loan Estimate and the Closing Disclosure, and how soon they must provide it.