The TILA-RESPA Integrated Disclosure (TRID) are guidelines enforced by the CFPB to protect borrowers from unscrupulous lenders. These guidelines are sometimes called the “Know Before You Owe” rules and generally cover:
What information lenders owe borrowers
When borrowers should receive these details
What mortgage fees are permitted through CFPB regulations
TILA is the Truth In Lending Act, a federal law enacted in 1968 that regulates loan information that must be disclosed to borrowers, including annual percentage rate (including simple interest), loan terms and total costs. TILA applies to all lines of credit, not just mortgages.