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Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® that aims to refresh and educate members about important aspects of being a REALTOR®. Watch for this series each month in RISMedia’s Daily e-News

Finley Maxson, NAR’s Senior Counsel, discusses the new Truth in Lending Act/RESPA Integrated Disclosures (TRID) created by the Consumer Financial Protection Bureau and how the new requirements that will affect real estate transactions, including changes to the form contracts created by association. Starting August 1, the new forms will be mandatory in all transactions involving a consumer mortgage.

To view the video on NAR’s website visit: http://www.realtor.org/videos/window-to-the-law-trid-changes-coming?cid=RISVID0016

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