WASHINGTON (6/9/14)--The Federal Reserve will host a webinar to discuss the new Truth in Lending Act-Real Estate Settlement Procedures Act Integrated Disclosures rule from 2 to 3 p.m. (ET) June 17.
The webinar, presented by the Consumer Financial Protection Bureau, will be the first in a series to address to new rule as it is implemented by financial institutions over the next year.
The session will provide an overview of the final rule and the new disclosures, as well as address basic compliance questions. Subsequent webinars will address implementation and interpretive questions about the rule.
The CFPB announced the webinars are meant to consolidate and address questions "in a way that promotes consistent understanding of the rules and provides a resource that stakeholders may reference."
The new rule consolidates existing mortgage disclosures required under TILA and RESPA into two integrated forms to make it easier for consumers to understand and locate key information. The rule also integrates the substantive and procedural requirements for providing disclosures to consumers.
Use the resource links below for registration and more information.