Where to start? The “new HUD” TILA-RESPA closing disclosure form goes live August 1, 2015
As the “old HUD” heads to that burial ground reserved for long lasting but still confusing government forms, the information being distributed to prepare the industry for this change created by the Integrated TILA-RESPA Closing Disclosure Rule is often overwhelming for the real estate professional and the providers that support them.
Where to start? Keep it simple. Familiarize yourself with the sample TILA-RESPA closing disclosure form
Keep in mind that lenders are in the driver’s seat on managing this process and will explain to borrowers and settlement providers how to handle it as procedures fall into place.
Standby for more as this story unfolds!
The Closing Company, Inc. d/b/a Miami Title Insurance.com is a full-service title insurance agency, escrow and settlement service provider that is licensed and bonded in the State of Florida. Our services include refinance and purchase transactions, lender title review, private lending legal representation, real estate legal services and document preparation services. The Closing Company, Inc. is an agent for Old Republic Title Insurance and Fidelity National Title Insurance. The company also received the most desirable rating of “low risk” from Secure Settlements, Inc., a national vetting provider for the loan industry. We assist clients in navigating the often complicated and risky real estate market with solid legal, title and escrow expertise. For more information, please contact info@theclosingcompany.net or 305-271-0100 x701
Disclaimer: The Closing Company, Inc. is not providing legal or tax advice. Please consult with a licensed Attorney for legal advice or before signing any legal documents. Please consult with a Certified Public Accountant for tax advice.
