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'Know Before You Owe' Aims to Improve Compliance with New Real Estate Loan Regulations

News Release – Tuesday, September 13, 2016

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.

Participating trade groups included:

Illinois Land Title Association

Greater Midwest Lenders Association

Illinois Credit Union League

Illinois Mortgage Bankers Association

Illinois Bankers Association

Illinois Real Estate Lawyers Association

Illinois Community Bankers Association

FOR IMMEDIATE RELEASE