The new Consumer Finance Protection Bureau (CFPB) TILA-RESPA Integrated Disclosure (TRID) regulations have already caused frenzy in the mortgage industry, but it's not over yet. One of the biggest and most confusing changes under TRID are coming on October 3, 2015, the date lenders and real estate settlement agents must start using two new forms: the Loan Estimate (LE) and the Closing Disclosure Form (CDF). In some situations, the new forms will replace old forms by combining the overlapping data requirements of four of the current Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) forms into just two forms.

1. Using the HUD and
CDF Forms
Simultaneously to
Stay Compliant

2. 2015 TRID Implementation is Nearing
 CFPB rules passed in 2013 take effect this year.
 October 3, 2015 is the date the changes take effect.
 Anyone not using the new forms after October 3,
2015 faces compliance violations, fines, and
penalties.

3. What is Changing?
4 Pieces of Real Estate Closing Documentation
The Early TIL and Good Faith Estimate Forms are
consolidated into the new Loan Estimate (LE) Form.
The Final TIL Statement and HUD-1 Settlement
Statement are consolidated into the Closing Disclosure
(CD) Form.

4. Additional Changes
 Timing Requirements.
 Records Retention.
 Definition of Application.
 Changes in Variances.
 Itemization of Charges.
 Disclosure of Broker Compensation and Discount Points.

5. Who Is Affected?
Anyone who handles, facilitates, or processes real
estate transactions including:
Lenders
Real Estate Attorneys
Real Estate Brokers
Settlement Agents
Title Companies

6. HUD or CDF?
Which forms should you use when the new real
estate law changes become active on October 3,
2015?
The old HUD (Dept. of Housing and Urban
Development) form OR
The new CDF (Closing Disclosure) form.

7. Both Forms Will be Used
for Real Estate Closings
Come October 3, 2015

8. When to Use the HUD-1
Use HUD-1 for:
Home-equity revolving lines of credit.
Reverse mortgages.
Mortgages secured by a mobile home or dwelling not
attached to land.
No-Interest second mortgages made for down payment
assistance, energy efficiency, or foreclosure.

9. When to Use CDF
Use CDF for:
Most consumer mortgages.
Any transaction not covered by the HUD form
*CDF replaces the HUD-1 Settlement Statement and the
Final TIL.

10. Compliance Made Easy
 Easy Soft has software that is 100% compliant with
TRID.
 EasyCDF automates the real estate closing process
and improves productivity, reducing closing time by
as much as 80%.
 Built-in safeguards ensure data accuracy.
 Cloud and desktop versions available.

11. Learn More
Find more information on CDF at:
www.consumerfinance.gov
www.cfpbmonitor.com
www.nationalmortgagenews.com
www.mortgagecompliancemagazine.com

12. Easy Soft Resources
 Ongoing Education Driven Webinars
 Easy Soft Website
 Easy Soft Blog
 Easy Soft Support Portal
We Are Here For You Every Step Of The Way!

13. Download EasyCDF Today!
Download EasyCDF right now at:
http://www.easysoft-usa.com/hud-software/easy-
cdf.html
Rest easy knowing you are in full compliance on
October 3.