Finance
The Closing Disclosure (CD) replaced the HUD-1 Settlement Statement under which rule?
ARESPA 2010 Update
BTILA-RESPA Integrated Disclosure (TRID) rule effective October 2015✓ Correct
CDodd-Frank Act of 2014
DCFPB Regulation B
Explanation
The CFPB's TILA-RESPA Integrated Disclosure (TRID) rule, effective October 3, 2015, replaced the HUD-1 Settlement Statement with the Closing Disclosure (CD) and the Good Faith Estimate with the Loan Estimate.
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