TILA RESPA Integrated Disclosure Rule Changes to AAR Forms

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so what is TRD well let's start at the beginning whoa whoa whoa that's too far let's start in 1968 that's when Congress passed the truth and lending act to help promote the informed use of credit the Federal Reserve was charged with implementing the act so it introduced Regulation Z which required lenders to issue a good faith estimate also called a GFE and a truth and lending statement also called the T to loan applicants fast forward wait that's too far in 1974 Congress passed the real estate settlement procedures act known as Resa to add transparency to the cost of Settlement Services the Department of Housing and Urban Development also called HUD was charged with overseeing the new regulations so it issued regulation X which required a HUD one settlement statement at the close of real estate transactions fast forward once more a few decades and you'll see the economic crash of 2008 and the subsequent housing collapse then in 2010 Congress passed dodf Frank which created the Consume