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Course/Product Description
Title:

Understanding TIL Disclosures for Non-TRID Loans

SKU:WC-1038478
Date / Time: Recorded
Format: Webcast
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Description: This webinar provides a thorough review of the timing, content, and cure requirements for the revised TRID disclosures.

TRID rules and guidance from the CFPB continue to evolve, and dealing with revised disclosures has become one of the major challenges of TRID compliance. The frequency of revised disclosures is much greater than anticipated, and the intricate timing requirements for the revision process are problematic. For instance, determining when a new disclosure may be given is not always clear.

The rules are complex, and CFPB guidance on this aspect of TRID is lacking. For example:
  • Are revised disclosures required or merely permitted?
  • Is a revised disclosure allowed when no changed circumstance is present?
  • What are the timing requirements for a revised Loan Estimate or Closing Disclosure?
  • Does providing a revised disclosure always reset the permitted tolerance?
  • What is the link between revised disclosures and UDAP/UDAAP liability?
Proper handling of revised disclosures can, in certain circumstances, reduce creditor liability, but mishandling revised disclosures can result in Truth-in-Lending Act violations and violations of Section 5 of the FTC Act (Unfair or Deceptive Acts or Practices).

Learning Objectives

To assist with your compliance requirements, this webinar will cover:
  • The timing and delivery requirements of the Loan Estimate and the Closing Disclosure
  • When a revised Loan Estimate may be issued; including situations such as changed circumstances, borrower requests, and expiration of terms
  • When a revised Loan Estimate should be issued
  • The timing and content rules for a revised Loan Estimate and for a revised Closing Disclosure
  • Documentation requirements for revisions
  • When estimates are considered to be "in good faith" and the applicable tolerances
  • The circumstances under which a revised disclosure resets the allowed tolerance
  • Changes before consummation that do or do not require a new waiting period
  • Whether a changed circumstance can occur after delivery of the Closing Disclosure
  • When refunds are required and how to make and disclose the refund
  • Rules regarding changes due to events occurring after consummation; and
  • How mishandling revised disclosures may result in UDAP/UDAAP violations
About Your Presenters:

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 39 years. In 34 years as a trainer over 125,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.

Kelly M. Owsley, CRCM is Director of Training Services for Compliance Resource, LLC. Kelly’s career in banking began in 2000. Since then she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in numerous areas of the financial services industry including retail branch management, lending, product development and training. In addition, Kelly spent three years in a training and development role with CUNA Mutual Group servicing the largest credit union in the United States. Most recently, she served as the Vice President of Compliance, BSA Officer, and CRA Officer for a community bank in Kentucky where she was responsible for implementing and training all compliance related topics. Kelly holds a Bachelor of Science degree in Accounting from the University of Kentucky and is a Certified Regulatory Compliance Manager.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Your Partner for Ensuring an Engaged, Compliant Workforce Financial institution regulations are constantly changing. That means preparing your team needs continual attention, including the frontlines, compliance team, executive leadership and board of directors. Wouldn’t life be easier if you had one place to go for all your compliance and professional education needs? You’ll find what you need from OnCourse Learning.

We bring you:
  • 40+ Years of Experience
  • 600+ Engaging Online Courses
  • 450+ Live & OnDemand Webinars
Webinar Descriptions, BankWebinars.com:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for 30 days following the event. This will allow a flexible alternative when last-minute conflicts intrude on scheduled events.

Live + OnDemand:
Includes two of the options above. Live session and 365 days access to On-Demand weblink plus a link to handouts.

Live + OnDemand & CD:
Includes all three options above. Live Session, 365 days of OnDemand, and CD-ROM plus handout links.
More Info: Contact Us For More Information
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