TILA-RESPA Integrated Disclosure Requirements

This topic will examine the basic aspects of the TRID rule, the new integrated disclosure forms, recent amendments to the rule, and will include a tour of the forms.

The information will highlight aspects of the rule that place burdens on staff and systems, and common issues created by the rule that pose challenges for mortgage industry participants.

A proposal to address a significant operational issue under the rule, known in the industry as the ‘black hole', will be examined. This topic is important for all parties who participate in the residential mortgage loan industry or assist industry participants.

Learning Objectives:

• You will be able to define the loans that are subject to the original TRID rule and the amended rule.
• You will be able to describe the basic aspects of the TRID rule.
• You will be able to discuss the timing requirements of the TRID rule.
• You will be able to explain the limits on fee changes, and exceptions to the limits.

This Live Webinar Covers These Hot Issues:

TILA/RESPA Integrated Disclosure (TRID) Rule Basics

• Scope, Original Rule and Amended Rule
  
• Effective Dates of Original Rule and Amendments
  
• The Loan Estimate and Closing Disclosure
  
• Liability and Cures
  
• Current Matters, Including "Black Hole" Proposal

Pre-Application Limits

• Written Cost Estimate Requirements
  
• Upfront Fee Limits
  
• Upfront Verification Limits

Revised Definition of "Application"

• Implications

Loan Estimate Rules

• Who Provides
  
• Timing and Delivery
  
• Written List of Providers
  
• Limits on Increase in Charges/Ability to Revise Loan Estimate
  
• Tour of Loan Estimate Form

Closing Disclosure Rules

• Who Provides
  
• Timing and Delivery
  
• Ability to Revise Closing Disclosure
  
• Post Consummation Corrections
  
• Tour of Closing Disclosure Form

Credit Information (Sponsored by Lorman Education Services)

• CLE
• CPE
• NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

Richard J. Andreano, Ballard Spahr LLP

• Partner at Ballard Spahr LLP
• Practice leader, Mortgage Banking Group, Ballard Spahr LLP
• Fellow, American College of Consumer Financial Services Lawyers
• Chambers USA: America's Leading Lawyers for business, banking and finance: financial services regulation: consumer finance (compliance), national ranking, 2014 to 2017
• Wrote MBA Compliance Essentials Loan Originator Compensation Resource Guide™, published by the Mortgage Bankers Association
• Co-wrote, MBA Compliance Essentials TILA/RESPA Integrated Disclosure TRID Rule Resource Guide™, published by the Mortgage Bankers Association
• Editor-in-chief, Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute; author of chapters on the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act; and co-author of the Equal Credit Opportunity Act and Truth in Lending Act chapters
• Counsels clients on residential mortgage regulatory matters, including ability to repay, TILA/RESPA integrated disclosure (TRID) rule, CFPB and other regulator supervision and examination, UDAAP and other Dodd-Frank matters
• Frequent speaker and author on mortgage industry issues
• Can be contacted at 202-661-2271 or andreanor@ballardspahr.com