RESPA Rule Resources

The Real Estate Settlement Procedures Act (RESPA) provides consumers with improved disclosures of settlement costs and reduces the costs of closing with the elimination of referral fees and kickbacks. Effective August 1, 2015, a new RESPA/Truth in Lending Act (TILA) integration rule, often referred to as “TRID” goes into effect that significantly changes the settlement process. The final rule integrates existing disclosures with new requirements from the Dodd-Frank Act to improve consumer understanding of the mortgage process, aid in comparison shopping, and help to prevent surprises at the closing table.

The major changes the rule implements include:

  • New “Loan Estimate” (LE) form replaces Good Faith Estimate (GFE) and initial Truth-in Lending disclosure; must be given to consumer within three business days of application
  • New “Closing Disclosure” (CD) form replaces and combines the HUD-1 and final Truth-in-Lending disclosures; must be received by consumer three days before consummation of loan

Since the rule was finalized at the end of 2013, NAR has been educating members about how it will  impact their business through webinars, forums and articles. To ensure that members can find this information all in one place, NAR has created a RESPA/TILA Integration resources section at Some of those resources are available below.

Video: Understand the Changes Coming to the Settlement Process Overview of Changes Video: HUD-1 Going Away: Understand New Closing Forms, Procedures Webinar: RESPA/TILA Integration Update RESPA FAQs




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