The CFPB has posted a video of its May 26th webinar that addressed questions about the final TILA-RESPA Integrated Disclosure Rule. The webinar was the fifth in a series to address specific questions related to rule interpretation and implementation challenges that have been raised by creditors, mortgage brokers, settlement agents software developers, and other industry stakeholders. Although currently the rule is scheduled to become effective for applications received by creditors or mortgage brokers on or after August 1, 205, the CFPB has proposed to delay the effective date until October 3, 2015.
A detailed discussion of the webinar prepared by Rich Andreano, a member of Ballard Spahr’s Mortgage Banking Group, can be found here.