The TILA-RESPA Integrated Disclosure (TRID) rule applies to most closed-end consumer credit transactions secured by real property, including the refinance of a condominium property. TRID mandates specific disclosures, like the Loan Estimate (LE) and Closing Disclosure (CD), to ensure transparency in the loan process.
TRID does not apply to reverse mortgages (A) or home equity lines of credit (HELOCs) (B), which are covered by other regulations.
Loans secured by a mobile home on a leased lot (D) are also generally excluded from TRID.
References:
TILA-RESPA Integrated Disclosure Rule (TRID)
CFPB Guidelines on TRID applicability
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