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Banker Teleconference Series: Understanding the Requirements of the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule (TRID Rule)

November 22, 2019 / Source: FDIC

Financial Institution Letters

FIL-73-2019
November 22, 2019

Banker Teleconference Series: Understanding the Requirements of the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule (TRID Rule)

Printable Format:

FIL-73-2019 - PDF (PDF Help)

Summary:

The FDIC offers a series of events for bankers, including teleconferences and webinars, to maintain open lines of communication and update bank management and staff on important bank regulatory and emerging issues in the consumer compliance area. The FDIC's Division of Depositor and Consumer Protection will host a teleconference on December 11, 2019 for FDIC-supervised institutions to provide information and answer questions relating to the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure Rule (TRID Rule), including a review of common issues and tips to help banks address and avoid mistakes.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions.

Statement of FIL Rescission Date: This Financial Institution Letter will retire to inactive status six months from the date of issuance.

Highlights:

 

  • The FDIC will host a teleconference, “Understanding the Requirements of the Truth in Lending Act (Regulation Z) and Real Estate Settlement Procedures Act (Regulation X) Integrated Disclosure Rule (TRID Rule),” on Wednesday, December 11, 2019, from 2:00 p.m. to 3:30 p.m. ET.
  • FDIC staff will cover common issues related to the TRID Rule and how institutions can effectively address them.
  • Registration is required for this event and is available online.
  • Following a formal presentation, FDIC staff will respond to questions during a Question-and-Answer segment. We encourage institutions to submit questions prior to the teleconference by sending an email to BankerTeleconference@FDIC.gov. Please submit your questions by December 4, 2019.
  • The FDIC is also soliciting suggestions from institutions on topics for future banker events. Please submit suggestions to BankerTeleconference@FDIC.gov.

For additional information on the upcoming teleconference, see the attached announcement.

Distribution:

  • FDIC-Supervised Institutions

Suggested Routing:

  • Chief Executive Officer
  • Compliance Officer
  • Chief Lending Officer
  • General Counsel

Related Topics:

Contact:

Note:

Access FDIC Financial Institution Letters (FILs) on the FDIC's website

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Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).