Second TILA-RESPA Rule Webinar Scheduled for Late August

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 stakeholders.  

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