CFPB to host next TRID webinar in April

This Week in Washington
Thursday, March 17, 2016
ORIGINAL ARTICLE CAN BE FOUND HERE.

 

The Consumer Financial Protection Bureau (CFPB) announced that the Federal Reserve will be hosting a webinar on the TILA-RESPA Integrated Disclosure (TRID) rule, also known as Know Before You Owe, at 2 p.m. EDT Tuesday, April 12. This is the CFPB’s second webinar since the rule was implemented Oct. 3, 2015. The first post-implementation webinar took place on Tuesday, March 1.

Anyone who would like to participate in the webinar can register here.

The CFPB says that the webinar will address specific questions that various stakeholders have raised to the CFPB related to the interpretation and implementation of the rule’s requirements. In particular, this session will cover questions that have been raised since the rule took effect Oct. 3.

The webinar also now will qualify for Continuing Professional Education credits, so long as participants attend the live session and complete the participant survey within 48 hours of the webinar.

Before the rules were implemented, the CFPB did a series of webinars on the TRID rule. The first webinar offered an overview of the rule and the disclosures, and addressed a few basic compliance questions.

In the second webinar, the CFPB went into the finer points of the rule, addressed frequently asked questions the CFPB has collected since the first webinar.

The third webinar focused on how to complete the Loan Estimate form. This 90-minute webinar provided tips and guidance for filling out the form, while also answering questions that the bureau had thus far received about the forms. Specifically, the bureau discussed what to disclose in terms of origination charges.

Complementing the previous installment, in its fourth webinar, the CFPB discusses how to complete the Closing Disclosure form. In particular, the CFPB answered questions about liability after foreclosure section on the form and whether statutes of limitations on obtaining or collecting deficiency judgments counted as anti-deficiency protections. 

Finally, in its last webinar before implementation, the CFPB continued to answer some frequently asked questions leading up to Aug. 1, 2015 (the original implementation date). The webinar covered pre-approvals, hand-printing, calculations on the forms, re-disclosures and title insurance, among other topics. 

by
Published in Latest News