Are you ready for TRID?? RatePlug is
With all the hype and media coverage of TILA-RESPA Integrated Disclosure (TRID), you may be thinking the world might possibly stop revolving on Saturday, October 3rd when the rule goes into effect. All kidding aside, this ruling which was created to create clarity for consumers and promote compliance with existing TILA and RESPA laws, has caused a lot of anxiety within the industry as companies scramble to make adjustments to their systems, forms and procedures to meet the deadline which had been EXTENDED a few months. Some industry news sources even state that up to a third of companies are still not ready for the new requirements.
Knowing what the TRID rules are and how they impact Real Estate Agents is very important. NAR has created an overview tailored for real estate professionals which is available at http://www.realtor.org/topics/trid-tila-respa-integrated-disclosure.
RatePlug, the industry leader in melding real-time financing information with MLS property listings, has updated our Program to adhere to all applicable industry regulations including TRID, FTC-MAP, UDAP, etc.
To learn more about the RatePlug Program, which is available at no additional cost to MRED customers, click here.
Any questions? Contact the MRED Help Desk at
630-955-2755 or email@example.com
DISCLAIMER: Please always check with your managing broker or office manager to ascertain if any of your office policies supercede any general rule, information, suggestion or offer about the MLS system, other MRED products/services or real estate in general contained in this communication. Nothing herein is legal advice.