What is TRID and what does it mean for my mortgage loan?
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"TRID" is an acronym that some people use to refer to the TILA RESPA Integrated Disclosure rule which requires lenders to disclose certain information to borrowers.
TRID falls under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
This rule is also known as the Know Before You Owe mortgage disclosure rule. Learn more about Know Before You Owe.