tilarespa integrated disclosures: Title Insurance Association Expresses Concern
- 01/20/15 07:56 AM
The American Land Title Association (ALTA") has expressed concern that the new TILA-RESPA Integrated Disclosure form to be used as a "Closing Disclosure" does not properly provide for the disclosure of title insurance premiums. In a post on BusinessWire.com ALTA expresses its concern that the new Closing Disclosure that replaces the HUD-1 Settlement Statement as of August 1, 2015 will mislead consumers as to exactly what is being paid for title insurance premiums. ALTA is the national association of title insurers and others involved in land title matters. ALTA indicated that the form as developed by the Consumer Finance Protection Bureau … (6 comments)
tilarespa integrated disclosures: Are You Ready for "TRID"?
- 01/12/15 07:29 AM
A recent article in Mortgage Compliance Magazine is making the statement that dire warnings to prepare for the implementation of the new TILA-RESPA Integrated Disclosures ("TRID") are being ignored by a majority of those who will be most affected. The new disclosures, also referred to as "Know Before You Owe", will be required as of August 1, 2015 and will combine the currently required good faith estimate and preliminary TILA disclosure into a "Loan Estimate", and will combine the HUD-1 settlement statement with the final TILA disclosure to form a "Closing Disclosure". The new regulations do require some changes in the … (7 comments)
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The American Land Title Association (ALTA") has expressed concern that the new TILA-RESPA Integrated Disclosure form to be used as a "Closing Disclosure" does not properly provide for the disclosure of title insurance premiums. In a post on BusinessWire.com ALTA expresses its concern that the new Closing Disclosure that replaces the HUD-1 Settlement Statement as of August 1, 2015 will mislead consumers as to exactly what is being paid for title insurance premiums. ALTA is the national association of title insurers and others involved in land title matters. 
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