Remember, all loan applications taken through July 31, 2015  fall under the existing HUD regulations using the existing HUD-1 and Truth in Lending Rules, regardless of the closing date.

Loan applications taken as of August 1st will require the TRID change.  In the real world, that means we will be alternating between BOTH TRID and the OLD HUD-1/RESPA/TIL forms well into August, September and October.

Good article from Locke, Lord, LLP about the CFPB’s “Sensitivity” to issues faced with TRID – the new Truth in Lending and Respa form changes that start with loan applications taken August 1st.