Newsroom

September 18, 2014

NAFCU webcast eyes TILA-RESPA mortgage rule

Compliance gurus will discuss what credit unions need to do to prepare for the Truth in Lending Act-Real Estate Settlement Procedures Act (TILA-RESPA) integrated mortgage-disclosure rule during NAFCU's next webcast on Oct. 1.

Those who register by the early bird deadline of Sept. 24 will save $100. All registrants will be able to access the on-demand recording for the next year.

Suzanne Garwood, a partner at Venable LLP, will join John Harwell, the assistant vice president of risk management at Apple Federal Credit Union, and Devon Lyon, the manager of compliance and BSA at State Department Federal Credit Union, to lead webcast attendees through the basics of the rule. They will also discuss the importance of updating a credit union's policies and procedures, including the "special information booklet," and developing a training plan.

NAFCU also hosted recent webcasts on how to avoid messages on credit union websites that could be considered unfair, deceptive or abusive, led by Steve Van Beek, an attorney at Howard & Howard Attorneys PLLC; and on the RESPA mortgage servicing requirement governing qualified written requests, led by attorney Rob Rutkowski, which focused on how to comply in a cost-conscious way. These webcasts remain available on-demand for a year on NAFCU's website after their initial broadcast.