$305.00 – $705.00
Date Recorded: August 10, 2020
Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS
A two hour webinar focusing on how construction and construction-permanent loans are disclosed on the Loan Estimate and Closing Disclosure.
Given the oddity of the structure of construction loans, how they are disclosed on the Loan Estimate and Closing Disclosure can be difficult as the borrower’s payment and other terms may be unknown at closing. In addition, although the Consumer Financial Protection Bureau (CFPB) issued certain clarifications, which helped, there remains some disclosures that are still unclear.
This webinar will review how construction-only and construction-permanent loans are disclosed on the LE and CD, and mention how each type of transaction presents its own issues for disclosure.
This webinar will be of value to anyone involved with the origination of consumer construction loans, including compliance officers, lenders, and loan processors.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.
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