Consumer Compliance Outlook
TILA-RESPA Integrated Disclosures, Part 1 — Overview of the Rule
Outlook Live Webinar
Tuesday, June 17, 2014
|Times:||11:00 a.m.–12:00 noon Pacific|
|12:00 noon–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 a discussion 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 it also integrates the substantive and procedural requirements for providing these disclosures to consumers.
This session will be presented by the Consumer Financial Protection Bureau (CFPB) and will be the first of a recurring series of webinars to address the new rule as creditors, mortgage brokers, settlement agents, software developers, and other stakeholders work to implement it over the next year.
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.
The first session will provide an overview of the final rule and the new disclosures and address a few basic compliance questions, while subsequent webinars will address specific implementation and interpretive questions about the rule provided to the Bureau. The CFPB plans to host these webinars periodically throughout implementation, regularly soliciting feedback and additional questions in the interim.
Additional information and resources related to the TILA-RESPA Integrated Disclosure rule may be accessed at the CFPB's website: http://www.consumerfinance.gov/regulatory-implementation/tila-respa/.
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.