
New Integrated Disclosure Requirements Are Coming October 3, 2015
Will Your Bank Be Ready?
Soon your software vendor will be delivering software to you that you will need to test for the new Integrated Disclosure requirements. These new forms are complex to complete and non-compliance could be costly to your bank.
CBI Affiliate Member Young & Associates is ready to help you prepare for this big change with an Integrated Disclosures Review Service that will help you prepare for the mandatory October 3rd, 2015 deadline. As you create "example" loans, Young & Associates will review them and provide feedback to ensure compliance.
CBI Affiliate Member Young & Associates is ready to help you prepare for this big change with an Integrated Disclosures Review Service that will help you prepare for the mandatory October 3rd, 2015 deadline. As you create "example" loans, Young & Associates will review them and provide feedback to ensure compliance.
Program details and requirements:
- Your bank will need to fill out an Integrated Disclosure Questionnaire for each example submitted, so it is understood what the loan represents (e.g., fixed-rate, adjustable-rate, re-finance, construction, etc.)
- Submit the questionnaire, Loan Estimate, and Closing Disclosure for review for each example.
- Provide the documents to in a .pdf or paper format. Email to: [email protected]
- A written report is not included as part of the review. Responses will be summarized on the .pdf document. If submitted in paper format, they will be converted to .pdf format.
- Includes option to receive discount pricing for the updated Regulation Z Policy.
You control the cost based on the number of examples submitted. The review will cover the compliance requirements of the regulation. It will not verify APRs, payment amounts, or similar items.
Fees for the Integrated Disclosure Review Service:
Non-Community Bankers for Compliance
Program Members $195 per example |
Click the button below to download the questionnaire and begin the Integrated Disclosures Review process. All required documents for review should be emailed to: [email protected].
For more information, call Young & Associates at 800-525-9775, or contact:
Jeanine Schmitt, Consultant
[email protected] |
Karen Clower, Consultant
[email protected] |
Stay Connected.