Consumer Compliance Outlook
TILA-RESPA Integrated Disclosures, Part 4 — Completing the Closing Disclosure
Outlook Live Webinar
Tuesday, November 18, 2014
|Times:||11:00 a.m.–12:00 p.m. Pacific|
|12:00 p.m.–1:00 p.m. Mountain|
|1:00 p.m.–2:00 p.m. Central|
|2:00 p.m.–3:00 p.m. Eastern|
Please join us for the fourth in a series of discussions on the TILA-RESPA Integrated Disclosures rule. The new rule consolidates existing mortgage disclosures required under TILA and RESPA into two integrated forms designed to make it easier for consumers to understand and locate key information, and also integrates the substantive and procedural requirements for providing these disclosures to consumers. The Consumer Financial Protection Bureau (CFPB) plans to host these webinars periodically throughout implementation, regularly soliciting feedback and additional questions in the interim.
The November 18th session will focus on issues related to how to complete the Closing Disclosure by addressing specific questions related to rule interpretation and implementation challenges that have been raised to the Bureau by creditors, mortgage brokers, settlement agents, software developers, and other stakeholders.
The CFPB anticipates a substantial volume of compliance and interpretive questions during implementation, and plans to use these webinars to consolidate and address these questions in a way that promotes consistent understanding of the rules and provides a resource that stakeholders may reference. The CFPB believes this approach will be more efficient and beneficial to stakeholders than relying on private, one-to-one conversations with CFPB staff or waiting for updates to the rule or its commentary.
Additional information and resources related to the TILA-RESPA Integrated Disclosure rule may be accessed at the CFPB’s website at: http://www.consumerfinance.gov/regulatory-implementation/tila-respa/.
Please click on the URL or copy and paste it into your browser to register for this webinar:
Recordings of previous TILA-RESPA related webinars are available at the links below (to access the recordings, enter the email address you originally used to register for the event or complete the registration form if you have previously not registered:
- June 17 — TILA-RESPA Integrated Disclosures Rule, Part 1 — Overview of the Rule
- August 26 — FAQ’s on the TILA-RESPA Integrated Disclosures Rule, Part 2
- Application (continued from June 17th session)
- Record Retention
- Timing for Delivery and Re-disclosure
- Basic Form Contents
- October 1 — FAQs on the TILA-RESPA Integrated Disclosures Rule, Part 3 — Completing the Loan Estimate
This webinar is part of an ongoing series of events focused specifically on consumer compliance issues. The “Outlook Live” Audio Conference is a Federal Reserve System initiative produced in conjunction with the quarterly newsletter Consumer Compliance Outlook.