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CE: The BCFP and the Black Hole Update to TRID
Member Price: $0.00
Nonmember Price: $79.00
Product Code: DL2-011444-WC-W
Quantity:
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Description of Product
Description:

Complimentary to MBA Members. Live webinar held on June 6, 2018.

Summary:

The "Know Before You Owe/TRID" mortgage disclosure rule, which became effective on October 3, 2015, was designed to reduce the number of disclosures required for a mortgage transaction. However, the vast rule left certain processes unclear and numerous questions unanswered, including an area known as the "Black Hole." On April 26, 2018, the BCFP (aka: CFPB) finalized an amendment to its "Know Before You Owe/TRID" mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers when disclosing them on a Closing Disclosure. The amendment is intended to remove the timing restriction on when a creditor may use a Closing Disclosure to communicate closing cost increases to the consumer, otherwise known as the "Black Hole." There are some important things to know about this update to the rule.

Speaker:

  • Richard Horn, Founding Member, Garris Horn PLLC

Who Should Attend?

  • Compliance Managers and Staff
  • Operations Personnel
  • IT Staff
  • In-House Counsel
  • Legal
 
 
Product Category:
Webinar Recordings and Packages 
 
Contact Info:

For registration information, call (800)-793-6222 or email education@mba.org

 
 
Contact E-mail:
education@mba.org 
 
Product:
DL2-011444-WC-W 
 
Title:
CE: The BCFP and the Black Hole Update to TRID 
 
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