CFPB TRID Webinar from April 12 Now Available

May 5, 2016

A webinar the Consumer Financial Protection Bureau (CFPB) held April 12 that addressed several industry questions regarding the TILA-RESPA Integrated Disclosures (TRID) is now available.

The webinar addressed a question posed by ALTA whether the charge for an owner’s policy can be disclosed as a negative number under TRID. Click here to listen to the portion of the webinar that addresses this question.

Other topics covered included:

  • General principles
  • APR
  • Total Interest Percentage
  • Flood insurance premiums
  • Escrow accounts for refinance transactions
  • Separate disclosures (borrower’s and seller’s information, creditor’s copy, seller’s Closing Disclosure, seller-paid costs, seller-paid real estate commissions)
  • Assumptions
  • Property taxes
  • Fees collected prior to consummation
  • Calculating cash to close—loan amount
  • Principal curtailments
  • Construction lending—interest reserve

Contact ALTA at 202-296-3671 or