Frequently Asked Questions

Know Before You Owe (KBYO or TRID)



The National Association of Realtors, as well as other industry advocacy groups and service providers such as ICE Mortgage Technology have been providing available training in written form, webinars and classroom-based courses from publication of the rule to the current date. In addition, the CFPB has provided a number of resources to the industry in preparation for the effective date of the rule. It is recommended that in corresponding with realtors you establish realistic time frames with those service providers.

Disclaimer: The following information is intended for general information purposes with the goal of assisting ICE Mortgage Technology’s customers in complying with the new KBYO regulations. This information is provided as a courtesy to ICE Mortgage Technology’s customers and ICE Mortgage Technology makes no representation or warranty regarding the accuracy of the information set forth herein, and you may not rely on this information to ensure your company’s compliance with the KBYO regulations. This FAQ should not be construed as legal advice or opinion on any specific facts or circumstances, including the application of the KBYO regulations. You are advised to consult your own compliance staff or attorney regarding your specific residential mortgage lending questions or situation to ensure your compliance with all applicable laws and regulations.