We are pleased to announce that we are publishing for general distribution a webinar on the regulatory changes, made pursuant to the Dodd-Frank Act, taking effect this month.
This webinar is divided into sections for each of the new disclosures which will begin printing in packages at various times this month, with narrative from our Legal Department explaining what these new disclosures are, when they should print, and what the new regulations are which necessitate them. The webinar also provides samples of these disclosures.
Interested readers should also review our previous articles on these changes, links to which are provided below.
Webinar Links:
Part 1 – “Notice of Right to Receive Copy of Appraisal Report” – Regulations B and Z
Part 2 – “New Appraisal Receipt Forms” – Regulations B and Z
Part 3 – “Revisions to California-specific Appraisal and Valuation Documents” – Regulations B and Z
Part 4 – “New List of Homeownership Counseling Services” – Regulation X
Part 5 – “New Transfer of Servicing Notice” – Regulation X
Part 6 – “Disclosure of Loan Originator Name and NMLS Number” – Regulation Z
Part 7 – “New Changes to Your Mortgage Interest Rate and Payments Form” – Regulation Z
Part 8 – “Revisions to ARM Disclosures” – Regulation Z
Part 9 – “New Prepayment Penalty Alternative Offer Certification” – Regulation Z
Part 10 – “New High Cost Loan Disclosures” – Regulation Z
Part 11 – “Revisions to State-Specific Optional Credit Disclosures” Regulation Z
Part 12 – “New ATR/QM Worksheets” – Regulation Z
Links to Previous Articles (in Chronological Order):
“The January 2014 CFPB Regulations”
“The January 2014 CFPB Regulations – Update”
“January 2014 CFPB Regulations – November Update”
“The January 2014 CFPB Regulations – December Update”
Links to Document Updates:
“January 2014 New Document: Addendum to Uniform Residential Loan Application URLA (Cx18212)”
“January 2014 New Document: Prepayment Penalty Alternative Offer Certification (Cx17949)”
“January 2014 New Document: Notice of Servicing Transfer (Cx17905)”
“January 2014 Changes to Documents: State-Specific Optional Insurance Notices”
“January 2014 New Document: List of Homeownership Counseling Organizations (Cx17874)”
“New Document: Section 32 Mortgage Loan Disclosure (Cx17901/Cx17902)”
“January 2010 New Document: Changes to Your Mortgage Interest Rate and Payments (Cx17906)”
“January 2014 New Documents: First Lien Appraisal Waiver/Receipt Form (Cx18183)”
“January 2014 New Documents: Second Lien Appraisal Receipt Form (Cx18182)”