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A seller in connection with a real estate closing is itemized in the Closing Disclosure.
What is TRID?
The Consumer Financial Protection Bureau (CFPB) has implemented a set of regulations called TRID in an effort to close some of the gaps that dishonest lenders have previously used to deceive customers. The mortgage information that lenders must offer to borrowers and when they must do so are governed by TRID regulations. TRID regulations also set limits on the fees that lenders may impose and how those costs may alter as a mortgage matures.
The program's goal is to assist borrowers in selecting a mortgage lender who will act in their best interests by helping them comprehend their available mortgage options. When they give you a mortgage or give you an estimate, all mortgage lenders must as of 2015 abide by TRID regulations.
Because they cover material that customers should read and comprehend before making an offer on a home and agreeing to monthly loan payments, TRID guidelines are also frequently referred to as "Know Before You Owe" laws.
To know more about TRID visit:- https://brainly.com/question/28525685
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