If you are a lender and you make closed-end, multiple advance loans to construct a consumer’s home, you need to be aware of the TRID requirements and how they can impact the transaction.
Unfortunately, it’s not quite as straightforward as other types of closed-end consumer home loans. And, on top of that, while Appendix D of Truth in Lending isn’t exactly new, it is a huge player in the construction loan game as well.
Listen to the video as Jerod explains.
If you’re looking for the latest, greatest information regarding construction loans, you’re in luck! We’ve put together a two-hour webinar called, “TRID All About Construction Loans” where we are going to get into the nitty gritty details in plain English.
We will also provide some sample disclosures including a NEW Construction-Permanent (one closing) ARM disclosure. We hope you join us on July 16th, you don’t want to miss this!
Want to see the latest Blogs on TRID? Go HERE and scroll down.
Want more TRID training? Go HERE!
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!