Reminder: TRID and Daylight Saving Time

Don’t forget, Daylight Saving Time (DST) ends on November 5, 2023 at 2:00 a.m.!  What does DST have to do with TRID, you may ask? The TRID rules under Regulation Z require creditors to disclose the time zone applicable to its location when disclosing the date and time the interest rate lock and estimate of closing costs will expire on the loan estimate. As a result, financial institutions located in areas that observe DST need […]