The Final TILA-RESPA Integrated Disclosures Rule: Clarifying Confusions
On July 29, 2016, the Consumer Financial Protection Bureau (CFPB) proposed amendments to the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure Rule (TRID Rule) mainly to clarify confusions. It was on October 3, 2015 when the Final TRID Rule went into effect, and upon its implementation, many have been confused with the meaning of various requirements that could possibly expose originators and assignees to the risks and threats of material liability. The revisions further aim to formalize guidance to the rule and to eliminate uncertainties and risks that may arise.
In this LIVE Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will provide the audience with a comprehensive overview of all the important features and most critical issues surrounding CFPB’s Final TILA-RESPA Integrated Disclosure Rule. Speakers will go beyond the basic and present to the audience their expert thoughts and opinions on how to best comply with the requirements in light of the recent amendments.
Key topics include:
- TILA-RESPA Integrated Disclosure Rule (TRID) - Legal Framework
- Implementation Challenges and Pitfalls
- Recent Developments
- TRID Requirements
- Mitigating Enforcement and Private Civil Litigation Risk
Benjamin Griffin, Partner
Prenovost, Normandin, Bergh & Dawe, A.P.C.
- CFPB Regulation
- Creation under Dodd Frank
- Accountability of Agency
- Regulation in Real Estate Transactions in California/Western States
- Regulations primarily through regulation of lender/servicer
- vendors of lenders/servicers – escrow, title
- Non-Attorney Closings – neutral escrows and CFPB lack of experience
- Unfair, Deceptive, Abusive Acts or Practices (UDAAP) Violations
- CFPB Request for Information
- Expense of response
- Technical expertise required
- Necessity for Attorney involvement in DC
- TRID Compliance: How is it Going?
- ALTA Best Practices
- Vetting Company problems
- Online Portals
- New Timeline for Real Estate Transactions
Anthony Liolios, Attorney
Doerner, Saunders, Daniel & Anderson, L.L.P.
Benham Kirk, Jr., Of Counsel
Doerner, Saunders, Daniel & Anderson, L.L.P.
- CFPB Updates and Policy
- Guidance offered by CFPB, what remains unclear.
- Recent actions by CFPB against servicers.
- Forward looking analysis of CFPB’s policy.
- Mortgage Servicers post-Bankruptcy Discharge
- How the courts are interpreting the Regulations.
- How to comply with regulations.
- Rent to Own Arrangements
- How does CFPB view RTO Arrangements.
- Pitfalls of offering RTO Arrangements.
Who Should Attend:
- Mortgage Brokers
- Mortgage Lenders
- Settlement Agents
- Real Estate Brokers
- Real Estate Counsel
- Senior Executives
- Real Estate Companies
- Other Related Professionals
Partner with Prenovost, Normandin, Bergh & Dawe, APC. Received his Juris Doctor from Pepperdine University School of Law, Malibu, California, (2004) with a BA in Political Science from The Citadel, The Military College of South Carolina (2000).
A former member of the U.S. Army/National Guard, his Practice Areas are in Real Estate Litigation, Escrow and Title Litigation, and Real Estate Law and Counseling. Mr. Griffin has represented lenders, real estate companies, title, and escrow and has successfully tried multiple bench trials. He has appeared on behalf of real estate licensees in multiple arbitrations, interboard arbitration, and ethics hearings and before the California Bureau of Real Estate. He is admitted to practice in California and the District of Columbia.
He is a State Bar of California Special Master, member of the Orange County Bar Association and Banyard Inn of Court, he previously was a District Intern for (now former) Rep. Christopher Cox (Newport Beach), U.S. House of Representatives. He has been a Contributing Author in environmental law, ( “Principles of Air Quality Management”, 2nd. Ed., CRC Press, 2007), and lending (Receivership News (CA) (Fall 2008) and was the primary handling attorney in the appellate decisions of Grissom v. Dealer Servs. Corp., No. G049331, 2014 WL 2212605, at *1 (Cal. Ct. App. May 29, 2014), as modified on denial of reh'g (June 30, 2014), review denied (Aug. 20, 2014) and Lepe v. F.M. Tarbell Co., No. E059779, 2016 WL 56434, at *1 (Cal. Ct. App. Jan. 5, 2016), review denied (Mar. 23, 2016).
Partner with Prenovost, Normandin, Bergh & Dawe, APC. Received his Juris Doctor from Pepperdine University School of Law, Malibu, California, …
Anthony C. Liolios is a second year Tulsa attorney with his law degree from the University of Tulsa College of Law. Anthony relies upon his background in financial management and fund accounting to regularly advise his growing practice. His representation includes entrepreneurs, small businesses, and cutting edge technology companies including a nationally recognized VR-film company. He advises his clients on entity formation, restructuring, mergers and acquisitions, and general contract preparation, review and negotiation. Anthony’s commercial practice also includes representation of corporate clients in bench and jury trials.
Anthony C. Liolios is a second year Tulsa attorney with his law degree from the University of Tulsa College of …
D. Benham Kirk maintains a broad commercial transactional practice, including the structuring, formation, drafting and negotiation of various business entities, joint ventures and other commercial dealings. For more than 30 years, Ben has been advising borrowers and lenders in commercial/secured loan transactions, drafting and negotiation of many business agreements, including governing documents, employment agreements, intellectual property agreements, buy-sell and other contracts, and maintaining a commercial litigation practice. He has extensive experience in all aspects of commercial real estate transactions, including development, quiet title and like-kind exchanges. Ben’s clients include community and regional banks, one of the largest restaurant operators in the United States, various real estate developers, oil and gas owners and operators, health care providers, and many small business entrepreneurs in various sectors.
D. Benham Kirk maintains a broad commercial transactional practice, including the structuring, formation, drafting and negotiation of various business entities, …
Print and review course materials
Method of Presentation:
NASBA Field of Study:
NY Category of CLE Credit:
Areas of Professional Practice
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
About Prenovost, Normandin, Bergh & Dawe, A.P.C.
Prenovost, Normandin, Bergh & Dawe, A Professional Corporation, was founded in 1983. The firm is “AV” rated by the National Lawyer Rating Service at Martindale-Hubbell and is ranked “preeminent” in the field of Civil Litigation, Banking & Bankruptcy. PNBD specializes in Banking, Construction, Credit Unions, Insurance, Financial Services, Real Estate, Escrow, Automobile Lending and Dealerships.
About Doerner, Saunders, Daniel & Anderson, L.L.P.
Founded in Indian Territory in 1896, our law firm predates statehood by more than a decade – and from the beginning, Doerner lawyers were leaders who were helping to shape our region. The role that our rich history plays in today’s contemporary society and business world is evident in the depth of experience and get-it-done attitude that every lawyer brings to the table. We have always had the vision and know-how to make things happen for our clients. Doerner lawyers build on the foundation of strong client relationships established by our predecessors. We have represented many clients for decades, helping them grow, survive economic and other hardships, and thrive during boom times regardless of where their business interests take them.