Fed-CFPB RESPA-TILA Webinar
On Tuesday June 17, 2014, the Federal Reserve and Consumer Financial Protection Bureau (CFPB) held a webinar describing the forthcoming August 2015 changes to loan disclosures and settlement statements. In addition to major changes to the forms themselves, the new rules will require that the settlement statement be completed three days prior to closing. While some changes may occur during the 3 day period, changes to loan terms will require a new 3 day waiting period. The webcast requires a short form to be completed and can be viewed at the link below.