The second in a series of live webinars
to help lenders prepare for the implementation of new disclosure has been scheduled
for August 26. The webinar will discuss
the Truth-in-Lending-Real Estate Settlement Procedures Act (TILA-RESPA)
Integrated Disclosure Rule which consolidates existing mortgage disclosures
into two integrated forms designed to make it easier for consumers to
understand and locate key information.
The rule also lays out the substantive and procedural requirements for
providing the disclosures to consumers.
The webinar will be hosted by the
Consumer Financial Protection Bureau (CFPB) as part of the Federal Reserve's
Outlook series. The first session of the
series was held on June 17 and provided an overview of the final rule and the
new disclosures. A recording of that
session is available HERE.
The August 26 session will address specific questions about the forms and their
implementation and talk about some of the challenges raised with CFPB by
CFPB said it expects a substantial
volume of questions to arise during the rules implementation and is scheduling
the webinars as a more efficient way of addressing them than relying on updates
to reach interested parties or one-on-one conversations between Bureau staff
and those affected by the rule implantation.
The session is scheduled from 2 to 3
p.m. EDT and registration is required at http://www.webcaster4.com/Webcast/Page/48/5305