New TRID Rules in Effect!

Reminder: New TRID Rules Effective as of Saturday, October 3rd.

REALTORS® should be aware that the TRID Rules represent definitive changes that impact Lenders and will also impact the parties and participants in the real estate transaction. An understanding of the process under TRID will increase the ability of the real estate brokerage community to provide guidance to Buyer and Sellers, set realistic expectations (timelines) and ensure transactions end in a positive result while minimizing risks of unhappy clients or complaints.

Download the TRID (TILA-RESPA Integrated Disclosures) Best Practices for REALTORS®

CAR, in conjunction with industry partners, formed a joint task force – The Colorado Inter-Industry TRID Task Force (CIITTF) – to help members understand the changes required by the amendments to the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) in the State of Colorado. The result was a TRID Best Practices for REALTORS®, a guide to help you through the changes.

[cuteblue link=”https://coloradorealtors.com/wp-content/uploads/2015/09/CIITTF-Best-Practices-Final-8-27-15.pdf” window=”new” linktext=”Download the TRID Best Practices Guide”]