TRID loan and disclosures of seller costs

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Question:

For a TRID loan, do the seller-paid costs on Page 2 need to be shown on the buyer's final closing disclosure? And if there is a change to the seller paid items, is a revised closing disclosure to the buyer required within 30 days?

Answer:

If two separate disclosures are used -- one for the buyer/borrower and the other for the seller -- you can omit from the buyer's disclosure the information about the seller's transaction on page 3. That's it. All other seller-related information is shown on the buyer's disclosure, including costs on page 2.

The buyer doesn't get a copy of the seller's disclosure form under these circumstances, nor would the buyer receive a copy of any revised seller disclosure issued after closing. The lender gets a copy for the loan file, however.