TIL/RESPA Final Rule on Integrated Mortgage Disclosures
Автор: CLA (CliftonLarsonAllen LLP)
Загружено: 2014-11-04
Просмотров: 2867
Описание:
The Consumer Financial Protection Bureau (CFPB) released one of its most significant regulatory changes to date — the integration of Truth in Lending (TIL) and Real Estate Settlement Procedures Act (RESPA) mortgage disclosures.
Beginning August 1, 2015, all financial institutions will start using entirely new forms for mortgage applications and closings. A change of this magnitude requires financial institutions to begin the implementation process far in advance.
This webinar discussed:
•Current TIL/RESPA disclosure requirements
•New loan estimate and closing disclosure content
•Timing requirements of new disclosures
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