V. Lending — RESPA
integrated disclosure for mortgage transactions, which includes mortgage disclosure requirements under the Truth in Lending Act (TILA) and Sections 4 and 5 of RESPA. These amendments are referred to in this document as the “TILA-RESPA Integrated Disclosure Rule” or “TRID,” and are applicable to covered closed-end mortgage loans for which a
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www.ncua.gov1026.33, are subject to the disclosure, timing and other requirements under the TILA-RESPA Integrated Disclosure rule (TRID). Thus, for most closed-end mortgages, including construction-only loans and loans secured by vacant land or by 25 or more acres not covered by RESPA, the credit union must provide the Loan Estimate and the Closing Disclosure.
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