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|Event Name:||TRID for Construction Loans|
|Date:||Tuesday, November 20, 2018 10:00am CST|
|Panelist(s) Info:||Jack Holzknecht (Bio)
Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 42 years. In 37 years as a trainer over 130,000 bankers (and many examiners) have participated in Jack’s live seminars and webinars. Jack’s career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by a number of state bankers associations. As a contractor he developed and delivered compliance training for the FDIC for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association.
|Credits:||2.5 CE Credits|
On July 28, 2016, the Consumer Financial Protection Bureau (CFPB) published proposed rules to clarify the TRID rules for construction loans. Final rules were published on July 7, 2017. The final rules are effective on October 10, 2017 and compliance is mandatory on October 1, 2018.
Prior to TRID many construction loans were exempt from the old disclosure requirements, but TRID clearly expanded the scope of Regulation Z to cover most construction loans.
Initially, the CFPB provided few details regarding completion of the Loan Estimate and the Closing Disclosures for these loans. The most recent revisions clarify many lingering forms issues. Unfortunately, the regulation still does not contain sample forms for construction loans.
Who should attend?
The program is designed for those seeking answers to questions regarding the proper disclosure of construction loans. This program is designed for everyone involved in the origination of construction loans, those making decisions on construction loan products, compliance staff and auditors.