Real Estate
Know Before You Owe – The Importance of the TRID Rider in the Purchase & Sale Agreement
The “Know Before You Owe” law is a relatively new regulation, effective for loans originated after October 3, 2015. It comes to us from the Consumer Protection Finance Bureau and takes nearly 2,000 pages to achieve its admittedly sound goal: Simplify the loan disclosure process for consumers of mortgage loans. According to a report on…
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