A pro forma invoice is the same as a commercial invoice which, when used in international trade, represents the details of an international sale to customs authorities.
TRID requires process changes to the loan origination life-cycle, particularly in the way that lenders approach the closing of loans. Under the new rule, the closing process needs to be at least three days ahead to meet the Closing Disclosure timing requirement.
TRID Effective Date. The newly created TRID disclosures will apply to most closed-end consumer loans for which an application is received on or after August 1st. UPDATE as of 6/25/2015: The CFPB will be issuing a proposed amendment to delay the effective date of the TRID until October 3, 2015. Review the CFPB news release here.