When did the TRID regulations go into effect?

The correct answer is October 3, 2015, which marks the date when the TRID (TILA-RESPA Integrated Disclosure) regulations officially took effect. These regulations were introduced by the Consumer Financial Protection Bureau (CFPB) to integrate and simplify the disclosures required by the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) for mortgage transactions.

TRID aimed to provide consumers with clearer information regarding the terms of their loans and the costs associated with closing, ultimately to help borrowers understand their obligations and make more informed decisions.

The other dates listed in the options either precede or follow the actual implementation date of October 3, 2015. Understanding the timeline of TRID is crucial for mortgage loan officers as it impacts compliance and the information they must provide to clients.