The
Consumer Financial Protection Bureau (CFPB) and Federal Reserve will be hosting
a webinar on the implementation of changes to the Real Estate Settlement
Procedures Act (RESPA) and the Truth in Lending Act (TILA) on Tuesday, August
26, at 2 p.m. In addition to major changes to the loan disclosure and closing
forms themselves, the new rules will require that the settlement statement be
completed three days prior to closing. The new forms and rules go into
effect less than one year from now. This webinar is part of the process of
answering questions and concerns relating to implementation. All those
with an interest in disclosures, the closing process, and RESPA/TILA should
sign up and listen in.
Click here to
view the sign-up page.