While the bulk of guidance for filling out the LE and CD for construction-type loans is set forth in 12 CFR Pt. Note, however, that the restrictions on decreasing lender credits, discussed in TRID Lender Credit Question 10, apply to any amounts the creditor includes in the Lender Credits disclosure on the Loan Estimate. Answer: There aren't any issues. A loan is covered by the TRID Rule if it meets the following coverage requirements: The TRID Rule combined the preexisting Good Faith Estimate (GFE) and initial Truth-in-Lending disclosure (initial TIL) forms into the Loan Estimate. If they disappear at that point, then these would be "Incomplete.". Generally, an estimated closing cost is disclosed in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed or is otherwise within applicable tolerance standards. For transactions secured by real property or a dwelling, Regulation Z includes several tolerances that might apply, including a tolerance whereby the disclosed APR is considered accurate if it results from the disclosed finance charge being overstated. The BUILD Act allows a housing assistance loan creditor to provide the Loan Estimate and Closing Disclosure even if a loan qualifies for the exemption under the BUILD Act. Mortgage Disclosure Improvement Act (MDIA) Adding a Co-Borrower Without Refinancing | Finance - Zacks What Is TRID? | Rocket Mortgage To add a borrower to your current mortgage, you will have to refinance the loan. Besides, the loan amount went down so that's most likely a CC too. 12 CFR 1026.37(g)(6)(ii). In that case, the creditor may simply provide a pre-approval letter in compliance with the creditors practices and applicable law. Integrated Mortgage Disclosures under the Real Estate Settlement Procedures Act and the Truth In Lending Act (TRID) and section 501(e) of the Housing Act of 1949, as amended. 12 CFR 1026.19(f)(2)(i). TRID simplifies the information by combining the four forms into two easy-to-understand documents: the loan estimate, which informs the borrower of important information (such as the interest rate .