Home Closing Times are Continuing to Increase Under TRID
By Staff Writer @ Bay National
March 15, 2017

A little over a year ago, on October 3, 2015, the TILA-RESPA Integrated Disclosure or TRID went into effect. This rule changed several of the forms used and altered the timelines for closings.

While many experts envisioned time to close increasing at the end of 2015 (the National Association of REALTORS issued a statement suggesting that its members add 15 days to closing), most did not see this being a long-term delay. So why are closing times still increasing over a year later?