WEBINAR

Understanding TIL Disclosures for Non-TRID Loans Webinar

CFT Credits: 0.25

Over the last five years financial institutions have invested huge amounts of time and money on the implementation of TRID, but through that entire period examiners were zeroed in on the old “fed box” disclosure, particularly the APR and finance charge disclosures. Even today lenders are frequently surprised when violations of these older rules are cited.

Webinar Description and Intended Audience

What?
The Truth In Lending Act and Regulation Z have traditionally had a single disclosure for all closed-end transactions. Starting in 2015 separate discloses were required for closed-end transactions secured by real property (TRID). Closed-end transaction s that are unsecured or secured by property other than real property are still disclosed using the “fed box” disclosure required by §1026.18.

Over the last five years financial institutions have invested huge amounts of time and money on the implementation of TRID, but through that entire period examiners were zeroed in on the old “fed box” disclosure, particularly the APR and finance charge disclosures. Even today lenders are frequently surprised when violations of these older rules are cited.

Why?
This two-hour program provides a comprehensive review of the disclosure rules for closed-end credit transaction that are not secured by real property. Whether you are new to this section of Regulation Z or a veteran seeking a review of the requirements, this program will meet your needs. Don’t be surprised when examiners dredge up violations from this older section of Regulation Z

Participants receive a detailed manual that serves as a handbook long after the program is completed. 

Covered Topics

  • Which transactions are covered by or exempt from Regulation Z;
  • The differences between open-end and closed-end credit.
  • What transactions are required to receive a “fed box” disclosure;
  • The general disclosure rules under §1026.17, including the timing rules for delivery of the disclosures;
  • The 20 disclosures required by §1026.18 that appear in the “fed box” disclosure, including the:
    • Amount Financed,
    • Finance Charge;
    • Annual Percentage Rate;
    • Payment Schedule, and the Interest and Payment Summary;
    • Total of Payments;
    • Insurance and Debt Cancellation; and
    • Security Interest

Who Should Attend?

The program is designed for loan officers, compliance officers, loan support staff, marketing staff, auditors, and any others with responsibilities related to the origination of closed-end credit.

Webinar Viewing Options

LIVE WEBINAR:                                              

INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK!  With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.  And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:

With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:

If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool.  With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

Webinars can be scheduled and offered exclusively for your company.  They can even be customized to best fit your needs.  To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

Webinar Date Start Time End Date End Time Viewing Options - See Descriptions Above Price
AnyAny Six Month On-Demand Recording $295.00
AnyAny CD-Rom Video Recording $345.00
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