February 25, 2014

New TILA, RESPA mandates eyed in webcast today

Feb. 26, 2014 – Credit union viewers of a NAFCU webcast today will get a head start on an August 2015 requirement under the Dodd-Frank Act for combined mortgage loan disclosures under the Truth in Lending Act and Real Estate Settlement Procedures Act.

Today's webcast, "TILA/RESPA Series: Part 1 – An Overview," is the first in a three-part series. Future topics include working with third-party processors and red flags to keep an eye on regarding the new TILA/RESPA mandates.

Webcast speakers include Bart Shapiro, principal at Offit Kurman, and Steve Gottheim, legislative and regulatory counsel at American Land Title Association. Shapiro is well-versed in numerous consumer protection requirements within the Dodd-Frank Act, including TILA, RESPA, Regulation Z and the Home Ownership and Equity Protection Act. Gottheim focuses on policy research and development concerning land titles and has previously worked as a legal fellow with the Senate Banking Committee.

Key takeaways from today's webcast include knowledge of the new loan estimate and closing documents; understanding who should provide the disclosure forms; and awareness of how this mandate affects both large and small lenders.

Today's webcast begins at 2 p.m. Eastern. On-demand webcasts are available for up to 12 months after the live broadcast and are included in the registration price.