19-Closing Disclosure Explained – TRID Ahead

Closing Disclosure At-a-glance The new form is 5 pages long. New form replaces the TILA and HUD-1. One Closing Disclosure is required for each loan. Charge descriptions on both the Loan Estimate and Closing Disclosure must match. The Closing Disclosure replaces the Truth-in-Lending Act (TILA) disclosure and the  HUD-1 Settlement Statement. Under the final rule, […]