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What is TRID and how does it affect me buying a home?


If you are thinking of buying a home and securing financing to do so, then you will need to know what TRID is.  Yes, it's a weird acronym, and it gets weirder when you realize that it has other acronyms in it.  TRID stands for TILA RESPA Integrated Disclosure.  TILA is Truth in Lending Act and RESPA is the Real Estate Settlement Procedures Act.  TRID went into effect on October 3, 2015.  Prior to that date any new home loan that was started would have various forms including, but not limited to, a Good Faith Estimate and a  HUD-1 Settlement statement.  Those are no more.  Here is a link to a flyer from the Mortgage Bankers Association that will give a little better idea of what TRID means to you the consumer.  The goal is to make lending as transparent as possible and clear for the consumer to understand.  But keep one very important thing in mind:  the forms and timelines only do you good if you review them!

Our AZ real estate contract has had some changes to reflect the new requirements.  Mainly the changes provide language reflecting the timelines now imposed by the CFPB (Consumer Financial Protection Bureau.

My goal as an agent is to make sure my clients have a smooth, successful transaction.  One step in that is dealing with the contract and it's requirements.  If you need help in locating, negotiating and all the other steps involved in a home purchase, please feel free to contact me at

480-236-7374 or

Have a great day!

Adam Tarr PC

Citywide Real Estate

Phoenix, AZ


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