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News Release – Tuesday, September 13, 2016
'Know Before You Owe' Aims to Improve Compliance with New Real Estate Loan Regulations
SPRINGFIELD – Licensed professionals in the real-estate mortgage field were provided an opportunity to learn more about new federal rules aimed at improving consumer understanding of the home closing process last Friday in Springfield. The Illinois Department of Financial and Professional Regulation hosted an informational panel on the TILA-RESPA Integrated Disclosure (TRID) to assist real estate brokers, lawyers, lenders and title insurers to better understand the new compliance requirements. Panel presenters shared best practices with over 50 licensed professionals in attendance.
