Oct. 3, 2015, was a historic day for the mortgage industry and is forever marked as the official implementation date for the Consumer Financial Protection Bureau’s Know Before You Owe rule. Also known as the TILA-RESPA Integrated Disclosure rule, or TRID, it sought to inform borrowers about costs before the closing date. Now that a year has officially passed since that deadline, it’s easier to see exactly how the industry dealt with the massive changes.
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