Webcast Focuses On Electronic TILA Disclosure Compliance

Posted by Orb Staff on August 26, 2009 No Comments
Categories : Residential Mortgage

eOriginal Inc., a provider of electronic signature solutions, will host a live webcast on Sept. 3 that addresses how lenders can leverage electronic delivery of consumer disclosures required by the Truth in Lending Act (TILA).

Margo Tank, a partner at BuckleySandler LLP and Stephen Bisbee, CEO of eOriginal Inc., will lead the discussion.

Recent congressional amendments to TILA have been included in a final rule amending Federal Reserve Regulation Z. Known as the "3/7/3 Rule", these amendments went into effect July 30 and they provide consumers with defined time periods to review mortgage disclosures from their lenders.

"While the amendments provide additional protections to the consumer, they may postpone their closing date and the ability to receive funding for their mortgage on the day they originally planned for closing," Bisbee explains.

During the 50-minute webcast, Tank and Bisbee will discuss how the time efficiencies of electronic delivery and strategies for meeting the 3/7/3 Rule's electronic receipt requirements, among other TILA topics.

SOURCE: eOriginal Inc.

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