The new TILA RESPA Integrated Disclosure (TRID) rules were effective on October 3, 2015. Many financial institutions have already experienced their first compliance exam with at least a selective review of how the institution conducted implementation and are managing daily administration of TRID through policies and procedures. The big question is when will this “diagnostic” period come to an end? The other big question is what will exams look like after the examiners get serious?
TRID compliance will continue to be a major issue for years to come. Regulatory expectations will expand over time. This program gets you started “on the right foot” by ensuring you understand the exam process and current regulatory expectations. The What to Expect in your First TRID Exam training manual dissects the interagency TRID examination procedures and regulatory expectations of the integrated disclosure rules.
Compliance Resource training manuals are designed to be used when conducting in-house training, whether initial training upon implementation of the new requirement, periodic training for new team members or remedial training for longer-term team members.