2 Hour Course
Show Course ID: 0
Course ID: FI691C006IT
Approved By: Maine Real Estate Commission
Integrated mortgage disclosures are a major change to the way mortgage-related disclosures have handled for decades. The effective date of the TILA/RESPA Rule was October 3, 2015. The new Rule streamlined and combined four forms into two, making each element more easily understood, and, once its form and function are understood, providing loan applicants with a powerful, user-friendly way to assess the costs and value of a mortgage loan. Although the TILA/RESPA rule as published by the CFPB runs nearly 1900 pages, the key elements are accessible. This class is designed to familiarize you with the forms and the rules that must be followed to comply with TILA/RESPA, including a detailed review of the Loan Estimate and the Closing Disclosure. The final section of the class addresses some additional disclosures related to TILA/RESPA.