With the advent of the Dodd Frank Act, comes the TILA-RESPA Integrated Disclosure rule (“TRID”), which is scheduled to take effect on October 3, 2015.  This basically gives large banks and institutional lenders the right to deny a loan at any time during the loan process, putting more burdens on the buyer/ borrower and loan processor. Here's a helpful link with legal analysis. Better allow 45 days for loan commit and 60 days to close. Stay tuned to our blog for analysis of how the Dodd-Frank Act can affect private loans and seller held notes and mortgages.