The NCUA has scheduled a free webinar Feb. 11 on the CFPB's TILA-RESPA integrated disclosures rule.
During this webinar, titled, "Preparing for the New TILA-RESPA Integrated Disclosures," staff from NCUA's Office of Consumer Protection and the Consumer Financial Protection Bureau will outline the changes to the forms required under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
The modifications are set to go into effect Aug. 1.
The CFPB issued the final rule in November of last year, which requires the use of new, simplified mortgage disclosure forms in English and Spanish that detail the terms of a mortgage to homebuyers.
"The new 'Know Before You Owe' mortgage forms will replace the existing federal disclosures and help consumers understand their options, choose the deal that's best for them, and avoid costly surprises at the closing table," the CFPB said in a press release.
According to NCUA, the 2 p.m. webinar will also cover the types of mortgage transactions covered by the new rules and the new timing requirements for the disclosures.
Participants can submit questions in advance to [email protected] with the subject line, "TILA-RESPA Integrated Disclosures Webinar."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
