Washington Report

Advocacy Updates from Washington D.C.

CFPB RESPA Webinar May 26

On Tuesday, May 26 at 2 p.m. EDT the CFPB and Federal Reserve will host a 60 minute webinar to answer some frequently asked questions about the RESPA/TILA Integrated Disclosure rule (TRID). The new rule goes into effect on August 1, 2015 and there have been many questions raised by industry and consumers.  NAR has asked that the CFPB institute a trial implementation period from August 1, 2015 to December 31, 2015 in order to avoid issues that will affect consumer's closing and to get data to help fine tune the rule.  NAR President Chris Polychron will be testifying on the rule at a House Financial Services Committee Hearing on May 14.  Sign up for the webinar below and get more info at Realtor.org/RESPA.

Webinar Sign Up Link

Visit nar.realtor/respa for more info

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