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TRID, closing instructions and the issue of liability
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Industry News, The Road through Oct. 3
Monday, January 4, 2016
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In the months since the TILA-RESPA Integrated Disclosure Rule (TRID) went into effect, title and settlement agents have received new closing instructions to reflect the new necessary procedures. Some also have discovered new clauses asking them to indemnify the lender for any missteps in the Closing Disclosure or the closing.
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