Under TRID, which disclosures interact with RESPA during the loan process?

• A. The Loan Estimate and Closing Disclosure.
• B. Closing Disclosure and Appraisal Report
• C. APR Disclosure and Closing Disclosure
• D. Loan Estimate and Appraisal Report

Answer: (A)

Under TRID, the disclosures that interact with RESPA throughout the loan process are the Loan Estimate and the Closing Disclosure. TRID combines TILA and RESPA into a streamlined set of documents, so borrowers first receive the Loan Estimate to outline estimated costs and loan terms soon after application, fulfilling RESPA’s need for early, clear cost information. Later, the Closing Disclosure provides the final, audited numbers of those costs and terms and must be delivered at least three business days before closing, ensuring the borrower knows exactly what will be paid at settlement. The Appraisal Report is not a RESPA-disclosure, and while the APR appears on the disclosures, it’s a TILA requirement that is incorporated into the Loan Estimate and Closing Disclosure rather than a separate RESPA interaction.