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Added Program RESPA – Implementing the New Rules
On November 13, 2008, the Department of Housing and Urban Development (HUD) published final regulations that completely overhaul the requirements of Regulation X. The effective date for certain new provisions was January 16, 2009. Most of the new provisions are effective January 1, 2010.
The changes are huge. HUD estimates the one-time costs of implementing the changes is $571 million for new and revised software, legal costs, and training expense. The recurring compliance costs are estimated at $918 million per year, which is expected to average $73.40 per loan. HUD estimates that with the changes proposed, settlement costs will be lowered by $8.35 billion annually, with an average savings of $668 per loan. With $668 less revenue and an additional $73 of expenses per transaction these changes will have a dramatic impact on mortgage lending.
Whether new to the area of RESPA compliance or an old pro, this program provides the information needed to implement the new RESPA rules.
Program Information:
December 9, 2009 - Nashville, Barrett Training Center Early registration deadline is November 25, 2009
PROGRAM INSTRUCTOR: Jack Holzknecht
SCHEDULE: 8:30 am Registration
9:00 am Program begins
Noon Lunch
1:00 pm Program resumes
4:00 pm Adjourn
Debbie Brickles - dbrickles@tnbankers.org
Vice President and Director of Training and Development
Tennessee Bankers Association
211 Athens Way, Ste 100 • Nashville, TN 37228-1381
800/964-5525 or 615/244-4871 or www.TNBankers.org
Registration Information:
• Brochure Download
Download and complete the conference registration form and return it to the TBA office. Brochure available approximately 60 days prior to program date.
• Secure Online Registration
Complete the secure online registration form. Registration is available prior to brochures release.
Registration Fees:
TBA Members / Associate Members
Nonmembers
Early Registration
$195
$390
Early registration deadline is November 25, 2009
Registration
$220
$415
At-the-door
$245
$440
Tennessee Bankers Association
211 Athens Way, Ste 100 • Nashville, TN 37228-1381
800/964-5525 or 615/244-4871 or www.TNBankers.org
