Description
Gain insight into implications of the rule that pose common challenges to those in the mortgage industry as well as their business practices and processes.This topic will cover the basic aspects of the TRID rule, including scope, implementation timeline, rule amendments, and a guided tour through the new forms themselves. It will highlight the major implications of the rule that pose common challenges to those in the mortgage industry as well as their business practices and processes. Two rule amendments and their impact on open issues will be assessed. This topic is important to anyone who participates in or assists participants in the residential mortgage lending industry.
Date: 2019-10-28 Start Time: End Time:
Learning Objectives
TILA-RESPA Integrated Disclosure (TRID) Basics
• Scope
• Timeline
• LE and CD
• Liability and Cure Provisions
Definition of Application and Business Day
• Implications
Pre-Disclosure Activity
• Fee Restriction
• Written Information to Consumer
• Verification Limitation
Loan Estimate
• Who Provides
• Timing and Delivery Requirements
• Written List of Providers
• Limits on Increase in Charges
• Ability to Provide Revised Estimates
• The Form
Closing Disclosure
• Who Provides
• Timing and Delivery Requirements
• Ability to Provide Revised Disclosure
• Post Consummation Events and Revisions
• The Form
2017 and 2018 TRID Amendments
• 2017 TRID Amendment Highlights
• 2018 TRID Amendment Highlights
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Amanda Phillips-Ballard Spahr LLP
