The Greater Boston Real Estate Board and the Massachusetts Association of Realtors have released addendums to their standard purchase and sale form in response to the new TILA-RESPA Integrated Disclosure TRID rules, which take effect tomorrow.

The one-page forms spell out the responsibilities of both sellers and buyers to provide and respond to information in a timely way, so as to avoid last-minute changes that could result in a delay in the closing date.

It also states that neither party can sue the other for TRID-related delays.

Both forms are available through the respective associations’ websites.

MAR, GBREB Create TRID Addendums To P&S

by Banker & Tradesman time to read: <1 min
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