This course explains the specialized TILA-RESPA Integrated Disclosure rules related to the terms and costs, along with important timing requirements and other restrictions, for certain consumer-purpose mortgage loans. The course clarifies the types of loans that are covered by TRID, as well as the specific requirements for a TRID loan application, and explains the rules that drive information disclosure prior to the creditor providing the loan estimate. Also, the course describes the proper use, delivery to the borrower and revision of the closing disclosure when a loan is consummated.
What You’ll Learn
After completing this course, students will be able to:
- Identify loans covered by the TILA-RESPA Integrated Disclosures (TRID) Rule
- Describe the TRID pre-disclosure rules (including good faith estimates), related critical timing requirements, tolerance provisions and records retention requirements
- Explain the TRID provisions for redisclosures and records retention of Closing Disclosures
Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.
ABA Professional Certifications: 1.50 CRCM
ABA Certificates: This course applies to the ABA Certificate in Lending Compliance.
Carl Pry, J.D. CRCM, CRP
Carl Pry, Managing Director of Treliant, is a seasoned executive with banking law, corporate finance, and regulatory compliance experience in Fortune 500 financial institutions, regional banks, and industry consulting firms. He advises clients on commercial compliance, fair lending, corporate treasury, and risk management.
For more than 25 years, Carl has held senior leadership positions at KeyBank, Accenture, and Kirchman Corporation. He serves on the Editorial Advisory Board and contributes to the ABA Bank Compliance magazine. He has led many training sessions and examiner classes across the country and been the featured speaker for numerous banking, compliance, and state bar associations. Carl has also authored training programs covering consumer and commercial compliance, audit, quality control, tax, privacy, and risk management.
Re-Versioned: February 2022