TRID Ahead
In today’s fast-paced and evolving business environment, professionals must be up-to-date with the latest regulations and compliance requirements. The Consumer Financial Protection Bureau (CFPB) has ushered in significant changes, especially with the implementation of the TILA-RESPA Integrated Disclosure (TRID) rules.
Course Objectives:
- Gain an in-depth understanding of the TILA-RESPA Integrated Disclosure (TRID).
- Learn about the new timelines, documents, and procedures essential for compliance.
- Explore the new regulations, potential penalties for non-compliance, and their impact on transaction processing.
- Familiarize yourself with each new form integral to processing a real estate purchase.
What You’ll Learn:
- The foundations and objectives of the TRID rules.
- The significance of CFPB’s changes on business practices.
- Detailed examination of new documents and timelines.
- Implications of penalties for non-adherence to the new rules.
- Hands-on review of the new forms required for real estate transactions.
Outcome:
By the end of this course, participants will have a comprehensive understanding of the new TRID rules. They will be equipped with the knowledge to confidently navigate the transaction process under the new regulations, ensuring that their business practices are compliant and effective. This course is a must for those wanting to stay ahead in the industry, ensuring a seamless transition when the new rules take effect.
3Hrs General CE
Lessons
Orientation of Online CE Class
1-Glossary of Terms-TRID Ahead
Please Read: You will need to complete the fill-in-the-blanks below to start the quiz. Application: An application triggers an obligation to provide a Loan Estimate (LE). The strict six-bucket definition…
2-TRID Ahead-TRID Ahead
Intent to Proceed: The borrower must sign an Intent to Proceed. The receipt of this intent provides the lender the ability to collect payment for fees, other than a credit…
3-Legal Hotline Q & A part 1-TRID Ahead
All information on this page is from the Arizona Association Of Realtors Legal Hotline. Click here PROMISSORY NOTE AND DEED OF TRUST REQUIRED IN CARRYBACK FINANCING FACTS: The seller and…
4-Section 1 Exam-TRID Ahead
You will need to wait for the timer to run out before you can submit the Exam.
5-Wall Street Reform: The Dodd-Frank Act-TRID Ahead
In the fall of 2008, a financial crisis of a scale and severity not seen in generations leftmillions of Americans unemployed and resulted in trillions in lost wealth. Our broken…
6-Overview of History of CFPB – TRID Ahead
Creating the Consumer Bureau Beginning in 2007, the United States faced the most severe financial crisis since the Great Depression. Millions of Americans saw their home values drop, their savings…
7-Consumer Financial Protection Bureau Protect Me-TRID Ahead
The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and…
8-Legal Hotline Q & A part 2-TRID Ahead
All information on this page is from the Arizona Association Of Realtors Legal Hotline. Click here SELLER NOT REQUIRED TO MAKE FHA REPAIRS ISSUE: The contract stated the buyer would…
9-Section 2 Exam-TRID Ahead
You will need to wait for the timer to run out before you can submit the Exam.
10-History of the TILA/RESPA (TRID)-TRID Ahead
(TRID) Regulations from the CFPB For more than 30 years, Federal law has required lenders to provide two different disclosure forms to consumers applying for a mortgage. The law also…
11-Overview of the TILA-RESPA Rule – TRID Ahead
What Does The TILA-RESPA Disclosure Rule Mean To You? What is the TILA-RESPA rule about? The TILA-RESPA rule consolidates four existing disclosures required under TILA and RESPA for closed-end credit…
12-Following RESPA Rules for TRID-TRID Ahead
In 1974, Congress enacted the Real Estate Settlement Procedures Act (RESPA) as a consumer disclosure and anti-kickback statute. As a result, RESPA serves four primary purposes: RESPA requires disclosures that list settlement…
13-RESPA MSA – Dos and Don’ts For Real Estate Brokers and Agents -TRID Ahead
RESPA Do’s For MSA’S Real estate brokers and agents must comply with the Real Estate Settlement Procedures Act, or RESPA, which prohibits brokers and agents from receiving any thing of…
14-RESPA Q & A-TRID Ahead
The National Association of Realtors has compiled below a list of questions that we commonly receive about the Real Estate Settlement Act, or “RESPA”, for both real estate professionals and…
15-Legal Hotline Q & A part 3-TRID Ahead
All information on this page is from the Arizona Association Of Realtors Legal Hotline. Click here A BUYER ASSUMING AN EXISTING MORTGAGE MAY TRIGGER THE DUE ON SALE CLAUSE FACTS: …
16-Section 3 Exam-TRID Ahead
You will need to wait for the timer to run out before you can submit the Exam.
17-INTRO to Making the Mortgage Process Easier – TRID Ahead
The CFPB’s mortgage initiative is designed to help consumers understand their loan options, shop for the mortgage that’s best for them, and avoid costly surprises at the closing table. Making…
18-Loan Estimate Explained in Plain English -TRID Ahead
Loan Estimate Explained in Plain English This new form integrates and replaces the existing RESPA GFE and the initial TILA disclosure for these transactions. The LE must contain a good…
19-Closing Disclosure Explained – TRID Ahead
Closing Disclosure At-a-glance The new form is 5 pages long. New form replaces the TILA and HUD-1. One Closing Disclosure is required for each loan. Charge descriptions on both the…
20-Learn what has and hasn’t changed about the mortgage process-TRID Ahead
Seven facts you need to know about the mortgage process To help you prepare, we’ve summarized what has and has not changed about the mortgage process and how these changes…
21-Legal Hotline Q & A part 4-TRID Ahead
All information on this page is from the Arizona Association Of Realtors Legal Hotline. Click here BUYER UNABLE TO OBTAIN FINANCING, NO NOTICE PROVIDED WITHIN THREE DAYS PRIOR TO THE…
22-Section 4 Exam-TRID Ahead
You will need to wait for the timer to run out before you can submit the Exam.
23-TILA-RESPA Integrated Disclosure Rule Changes to AAR Forms-TRID Ahead
The Consumer Financial Protection Bureau (CFPB) published the TILA-RESPA Integrated Disclosure rule (TRID) which combines and replaces disclosures that consumers receive in connection with applying for and closing on a…
24-Pre-Qualification Form & The Loan Status Update with TRID Updates – TRID Ahead
Lines 1-5 Of the Pre-Qual The Pre-Qualification Form is now required to be submitted in conjunction with the Residential Resale Real Estate Purchase Contract (Contract) at the time of offer.…
25-The Purchase contract -TRID Ahead
Buyer Attachment Buyer is reminded to: Read the entire contract before signing Review Section 4a (SPDS) Confirm ability to obtain insurance during inspection period Apply for a loan Get funds…
26-The Real Estate Professional’s Guide – TRID Ahead
Know Before You Owe mortgage initiative Real estate professionals are trusted resources for people choosing to buy a home. New rules taking effect will change your clients’ home buying experience.…
27-Legal Hotline Q & A part 5-TRID Ahead
All information on this page is from the Arizona Association Of Realtors Legal Hotline. Click here INTEREST ONLY PAYMENT OKAY WHEN SELLER ORIGINATES ONLY ONE LOAN IN A 12-MONTH PERIOD…
28-Section 5 Exam-TRID Ahead
You will need to wait for the timer to run out before you can submit the Exam.
29-Final Exam-TRID Ahead
The Final is not timed. Once you have passed this final… For TRID Ahead Remember to Save YOUR CERTIFICATE Good luck to you.
