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Tuesday, October 8, 2019

When a Depositor Dies: Legal Requirements, Practical Issues & FAQs

Start Date: 10/8/2019 1:00 PM MDT
End Date: 10/8/2019 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: 303-832-2000

When a Depositor Dies: Legal Requirements, Practical Issues & FAQs
1:00 pm – 2:30 pm MT


The TILA/RESPA Integrated Disclosure (TRID) requirements are detailed and complex and this fact is quite clear in the various tolerance rules, restrictions, and calculations.  Mortgage lenders are faced with a complicated analysis of tolerance levels, written lists of service providers, changed circumstances, revised Loan Estimates, Closing Disclosures, tolerance resets, and tolerance cures.  This webinar will cut through the confusion and provide clarification on the Consumer Financial Protection Bureau’s latest interpretations to ensure you understand TRID tolerance standards and limiting tolerance cure scenarios. 
 
Join us to learn more about mortgage lenders’ obligations to comply with the various TRID tolerance levels. Examples will be used to demonstrate proper calculation of the 10% cumulative tolerance category and associated good faith analysis.  This program will also analyze the increased difficulty presented by situations where multiple Loan Estimates have been issued or where a Closing Disclosure or corrected Closing Disclosure has been used to reset tolerance levels.
 
HIGHLIGHTS

  • Conducting the good faith analysis for tolerance violations
  • Tolerance levels and options for providing tolerance cures
  • When a revised Loan Estimate or a Closing Disclosure can reset tolerance levels
  • Best practices for tracking revised disclosures and appropriate fees for the good faith analysis
  • Review of June 1, 2018, TRID amendment allowing the use of a Closing Disclosure to reset tolerances
  • TAKE-AWAY TOOLKIT
    • Examples of tolerance violations and cure approaches
    • Summary of the June 1, 2018, TRID amendment impacting tolerance levels
    • Employee training log
    • Interactive quiz

 
WHO SHOULD ATTEND?
This informative session is designed for mortgage lenders, compliance staff, and audit teams.

Continuing Education: Attendance verification for CE credits upon request.

DON’T MISS THESE RELATED WEBINARS!
When a Borrower Dies: Rules, Procedures & Liabilities
on Thursday, November 21, 2019
&
Safe Deposit Issues: Delinquency, Death & Abandonment
on Thursday, December 12, 2019
 
NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
 

  MEET THE PRESENTER
Elizabeth Fast, JD & CPA
Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the  representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.