On November 20, 2013, the Consumer Financial Protection Bureau (CFPB) issued its final rule to integrate the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures and regulations. The final rule integrates existing disclosures with new requirements from the Dodd-Frank Act to improve consumer understanding of the mortgage process, aid in comparison shopping, and help to prevent surprises at the closing table. The new rule and changes go into effect on August 1, 2015.
To help REALTORS® prepare for the coming changes, PAR is hosting two sessions of a special overview that will cover two topics in one day:
- Good-bye GFE, Hello “Loan Estimate”
- Good-bye HUD-1, Hello “Closing Disclosure”
WHEN: Monday, June 22, 2015, 9:30 – 11:30 a.m. or 1:00-3:00 p.m.
WHERE: Phoenix Association of REALTORS®
5033 N. 19th Avenue #119, Phoenix, AZ 85015
Don’t miss this informative opportunity to learn everything you need to know about the upcoming changes.
To register for the 9:30-11:30 session, visit https://lamps.paronline.com/DefaultN.aspx?event=1762
To Register for the 1:00-3:00 session, visit https://lamps.paronline.com/DefaultN.aspx?event=1763