TRID Advocacy


ALTA has advocated for its members the Consumer Financial Protection Bureau's (CFPB) final regulation for Truth-in-Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures (TRID). TRID disclosures are required to be used on most residential mortgage transactions after October 3, 2015. A Loan Estimate will replace the current Good Faith Estimate (GFE) and early TIL disclosure, while a Closing Disclosure will replace the HUD-1 and final TIL disclosure.

Impact to the Industry

ALTA members will need to comply with these new disclosure requirements, which will require the title and settlement industry to go through one of the largest and most costly regulatory changes in its history.

Compliance with this regulation will require more than simply updating our systems for two new disclosure forms – it requires a paradigm shift in the way real estate settlements occur in the United States.

TRID Compliance – resources for how to comply with TRID

ALTA Policy Statement

ALTA Board Statement on ALTA's Priorities (adopted February 2015)
In 2015, the Board of Governors of the American Land Title Association will work with Congress and the Administration to: (1) ensure implementation of TILA/RESPA Integrated Disclosures is as smooth as possible and improve how the CFPB works with ALTA members; (2) promote responsible reform of our nation's housing finance; (3) improve FHA's onerous rules for title clearance of REO property and condo eligibility; and (4) advocate on tax policies important to ALTA's small business members and their real estate customers.

ALTA Congressional Testimony

TILA-RESPA Integrated Disclosure: Examining the Costs and Benefits of Changes to the Real Estate Settlement Process (Housing and Insurance Subcommittee of the House Financial Services Committee)

Diane Evans - May 14, 2015

Regulatory Burdens to Obtaining Mortgage Credit (United States Senate Committee on Banking, Housing & Urban Affairs)

April 16, 2015 - Statement for the Record

Examining Regulatory Burdens on Non-Depository Financial Institutions (Financial Institutions and Consumer Credit)

Diane Evans - April 15, 2015

Legislative Proposals to Improve Transparency and Accountability at the CFPB (House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit)

Rob Chapman - May 20, 2014

"Who's In Your Wallet: Examining how Washington Red Tape Impairs Economic Freedom (House Financial Services Subcommittee on Financial on Financial Institutions and Consumer Credit)

April 8, 2014 ALTA Statement for the Record

ALTA Advocacy

April 27, 2015: H.R 2213

January 21, 2020 - TRID Assessment RFI Comment Letter

December 17, 2018 - TRID Letter to Dir. Kraninger

October 26, 2017 - Trade Groups Urge Support for TRID Improvement Bill

October 5, 2017 - TRID Improvement Act of 2017

October 18, 2016 - 101816_TRID_Comment_1

October 18, 2016 - 101816_TRID_Comment_2

July 18, 2016 - 2016.07.14 RC to Ross Perlmutter et al_KBYO_title insurance

May 31, 2016 - May TRID Dear Colleague

Documents on TRID Advocacy

January 21, 2020 - TRID Assessment RFI Comment Letter