TRID Disclosures for Construction Lending
July 8 @ 9:00 am - 12:00 pm
$265
TRID Disclosures for Construction Lending
Presented by Monique Reyna, TCA Compliance
Live Streamed ~ July 8, 2025, 9:00 a.m. to Noon CT
With the advent of TRID, little guidance was given on exactly how Construction Loans were to be disclosed. Subsequent FAQs and regulator feedback have been received over the years providing clarifications to these complex disclosures. This program covers the Loan Estimate and Closing Disclosure requirements for both Construction Only and Construction/Permanent Loans and provides a detailed overview of the requirements for accurately completing Loan Estimates and Closing Disclosures when disclosing various types of construction and construction/permanent loan products.
- Options available when Disclosing Construction/Permanent Loans
- Utilization of the Standard or Alternative LE/CD
- Details regarding Disclosure requirements for Loan Term, Purpose, Product Type, Sales Price/Appraised Value
- Completion of Loan Terms Table
- Completion of the AP Table and AIR Table
- Proper disclosure of Adjustable Rate Construction/Permanent Loans
- Review and Validation of the Disclosure Data
- Common Compliance Pitfalls on Construction Loan Disclosures
