Page 9 - The eTRID Guide by Chicago Title
P. 9
Five Things Realtors Need to Know Before October 2015
New mortgage disclosure forms and how they change every transaction you work on.
The Closing Disclosure – The combination of forms This new five-page form is used not only to disclose
continues at the end of the transaction as well, with the many terms and provisions of the loan, but also the
HUD-1 Settlement Statement and the final TILA forms now financial details of the transaction.
combined into a single Closing Disclosure form.
On or AFTER October 3,
CURRENT 2015 NEW Loan Estimate
Initial TIL disclosure + Good Faith Estimate
Download
Sample Loan
Estimate
Final TIL disclosure + HUD-1 NEW Closing Disclosure
Settlement Statement
Download
Sample Closing
Disclosure
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