RC_RC_GO_300.1 TRID Compliance Basics
MBA Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011320-WC-WPurchase
PLEASE NOTE: MBA Education will be transitioning to a new learning platform in June 2020. We strongly suggest that you complete your course(s) before Friday, June 19, 2020. Progress in any courses that are not completed as of the transition date will be lost and you will need to start from the beginning of your course(s) in the new platform.
If you think you will be unable to complete your courses before Friday, June 19, we recommend that you delay your registration until the transition is complete.
This is a single-family/residential course.
The goal of this course is to describe the TILA-RESPA Integrated Disclosure (TRID) rule and its requirements. TRID Compliance Basics begins with an overview of the TRID rule, explaining the background and scope of the rule and introducing the related disclosures. The course then presents the Loan Estimate and Written List of Providers forms, describing pre-disclosure requirements and restrictions. Next, the course addresses the tolerance rules that govern acceptable variances between the Loan Estimate and the Closing Disclosure along with the circumstances that require re-disclosure. Toward the end of the course, the Closing Disclosure form and associated timing and delivery requirements are presented. The course concludes with a discussion of enforcement and liability related to TRID.
Seat time approximately one (1) hour.