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TRID Construction Loan Guidance-The Latest

One of the most frustrating aspects of the TILA/RESPA Integrated Disclosure Rule, aka TRID, continues to be the lack of guidance for disclosing construction loans. As these loans are an important part of the business plans of many institutions today, the lack of clear guidance causes a lot of uncertainty. Everyone wants to disclose these loans correctly, but without a roadmap for compliance this is difficult. Earlier this year, the CFPB issued two compliance guides, incorporating the regulation, commentary and frequently asked questions. Join us as we walk through these guides step by step.


We Will Cover:

  • Guidance on combined, one transaction, disclosures
  • Guidance on separate disclosures for construction and permanent phases
  • Best practices

Who Should Attend: Loan officers, loan administrators, loan department managers, and anyone involved in construction lending should attend this webinar.


Air date: June 18, 2020

(TODs are current as of the date aired)


Presenter:

  • Elizabeth Rozsa
    • Elizabeth Rozsa
    • With over 20 years of experience in bank compliance management, Senior Consultant Elizabeth Rozsa brings expertise in assessing and evaluating compliance risk; formulating and implementing effective compliance management programs; and conducting training for bankers and regulatory personnel. She has helped community banks manage their compliance risk, serving as a critical part of compliance success, as well as working on assignments managing and monitoring compliance risk for large institutions. In her current position at Capco Academy, Elizabeth uses her experience and knowledge as a former regulator, instructor and compliance manager to help develop and conduct custom training for regulators – most notably the Bureau of Consumer Financial Protection – and financial institutions alike.

Training on Demand's are limited to Premium Members. If you are interested in learning more about Premium Membership and its benefits, please contact us at Regulatory.Services@capco.com.

Premium Members get access to a number of compliance and risk management resources, including: • Live Webinars • On-Demand Training • Big Orange Book • TRID Calculator • Quick Reference Guides (QRGs) • Monthly Compliance Calendar • Advertising Tutorial

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