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#2056746 - 01/05/16 04:42 PM Does this trigger TRID?
mdog76 Offline
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Interest rate staying the same, same loan number, no new money, only thing is that the customer wants to pay down the balance a little to lower the payment amount which would then require a modified note. Does this trigger TRID documentation?

Thank you for the help.

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TRID - TILA/RESPA Integrated Disclosures Rule
#2056748 - 01/05/16 04:45 PM Re: Does this trigger TRID? mdog76
Skittles Online
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Skittles
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TN
Has the note matured?
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#2056754 - 01/05/16 05:00 PM Re: Does this trigger TRID? mdog76
mdog76 Offline
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It has not matured.

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#2056756 - 01/05/16 05:03 PM Re: Does this trigger TRID? mdog76
mdog76 Offline
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I'm thinking its not TRID but wasn't sure due to the modified note and new payment amount.
Last edited by mdog76; 01/05/16 05:04 PM.
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#2056759 - 01/05/16 05:06 PM Re: Does this trigger TRID? mdog76
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
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If the loan is being modified to change payment or extend maturity, no TRID disclosures are triggered.
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#2056880 - 01/05/16 09:55 PM Re: Does this trigger TRID? mdog76
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If the maturity will be extended, don't forget to do a new Flood Determination if the current one is no longer valid.
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