TRID integrates which two upfront disclosures?

TRID integrates which two upfront disclosures?

• A. TIL and GFE
• B. APR and ARM disclosure
• C. HUD-1 and closing statement
• D. Appraisal report and credit report

Answer: (A)

TRID brings together what used to be separate TILA (Truth in Lending) and RESPA (Good Faith Estimate) disclosures into a single upfront form called the Loan Estimate. The two disclosures it integrates are the Truth in Lending disclosure and the Good Faith Estimate, now combined into the Loan Estimate. This upfront form provides estimated borrowing costs, interest rate, monthly payment, and closing cost details to help borrowers compare loans early in the process. The other options don’t reflect this integration: the APR/ARM details appear on the same Loan Estimate, HUD-1 is replaced by the Closing Disclosure, and appraisal or credit reports are separate documents, not the integrated upfront disclosures TRID creates.

TRID brings together what used to be separate TILA (Truth in Lending) and RESPA (Good Faith Estimate) disclosures into a single upfront form called the Loan Estimate. The two disclosures it integrates are the Truth in Lending disclosure and the Good Faith Estimate, now combined into the Loan Estimate. This upfront form provides estimated borrowing costs, interest rate, monthly payment, and closing cost details to help borrowers compare loans early in the process. The other options don’t reflect this integration: the APR/ARM details appear on the same Loan Estimate, HUD-1 is replaced by the Closing Disclosure, and appraisal or credit reports are separate documents, not the integrated upfront disclosures TRID creates.