“Know Before You Owe”:
TRID for Home Improvement and Impact Fund Administrators

September 25, 2015
New TILA/RESPA Integrated Disclosure (TRID) requirements go into effect for loan applications taken starting October 3, 2015.
A Minnesota Housing eNews entitled “TILA/RESPA Integrated Disclosure (TRID) Impact” does not apply to the Fix Up Loan Program, Rehabilitation Loan Program (RLP), Emergency/ Accessibility Loan Program (ELP), or the Impact Fund.
The Fix Up, RLP, ELP, and Impact Fund procedural manuals outline your responsibility to comply with all applicable federal, state and local regulations, including the upcoming TRID disclosure requirements.
Currently, we will not provide training or guidance on TRID compliance for these programs. Talk to your compliance and legal staff, and visit the CFPB website for more information.  
Are you an RLP or Impact Fund Administrator? 
If you determine that all Minnesota Housing RLP/ELP or Impact Fund loans originated by your organization are exempt from TRID, TILA, or RESPA, send us a letter confirming your exemption by October 2, 2015. This will become part of your organization’s contract file. If you do not submit this letter, we will assume that your organization will fully comply with all aspects of these rules.
Submit this letter to Katie Moore at katie.moore@state.mn.us or by mail at:
Minnesota Housing
Attn: Katie Moore
400 Sibley St., Suite 300
St. Paul, MN 55101
Reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 7:30 a.m. and 5:00 p.m. on business days.

400 Sibley Street, Suite 300 | Saint Paul, MN 55101 US
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