Refinance guide TRID timelines and right of rescission on refinance
TRID Timelines and the Right of Rescission on Refinance: What Homeowners Need to Know If you’re refinancing your primary residence, two federal rules you’ll encounter are TRID (the TILA-RESPA Integrated Disclosure rule) and the Truth in Lending Act’s right of rescission. Both affect the timing of paperwork, closing, and when money and the new mortgage…