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Course/Product Description
Title:

TRID - The When and Why of Revised Disclosures

SKU:WT-1002929
Format: Webinar
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.

Licenses / Designations / Educational Credits:CEU
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

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 seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
TRID - The When and Why of Revised DisclosuresCD/On-Demand$325.00

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