Tag Archives: free course

TILA – RESPA Integrated Disclosure – Part 5 of 5: Special Information Booklet

Special Information Booklet  (Part 5 of 5) (Jeff Sorg, OnlineEd) – A creditor must provide the special information booklet, specifically the RESPA Settlement Costs Booklet, to the consumer who applies for a consumer credit transaction secured by real property no later than three business days after receiving the consumer’s loan application. The booklet does not have […]

TILA – RESPA Integrated Disclosure – Part 4 of 5: Curing Tolerances

Curing Tolerances  (Part 4 of 5) (Jeff Sorg, OnlineEd) – On the Loan Estimate, certain charges are not subject to a tolerance limitation. This means that the amount charged the consumer may exceed the amount disclosed on the Loan Estimate by any amount. Examples of these charges are: Prepaid interest, property insurance premiums, amounts placed into escrow, […]

TILA – RESPA Integrated Disclosure – Part 3 of 5: The Closing Disclosure Form

The New Closing Disclosure Form (Part 3 of 5) (Jeff Sorg, OnlineEd) – The Closing Disclosure integrates and replaces the final Truth-in-Lending disclosures and the RESPA HUD-1. In general, the Closing Disclosure sets forth the actual terms and costs of the transaction. The Closing Disclosure must be in writing and contain all of the information required. In […]

TILA – RESPA Integrated Disclosure – Part 2of 5: The Loan Estimate Form

The New Loan Estimate Form (Part 2 of 5) (Jeff Sorg, OnlineEd) – The Loan Estimate is a three-page form that replaces the initial Truth-in-Lending disclosure and the RESPA Good Faith Estimate (GFE). The purpose of this new form is to provide consumers with a good faith estimate of credit costs and transaction terms in simple […]

The New TILA-RESPA Integrated Disclosure – Part 1of 5: Summary and Background

The Consumer Financial Protection Bureau is requiring the use of a new TILA-RESPA integrated disclosure as of October 3, 2015 (Part 1 of 5) (Jeff Sorg, OnlineEd) – The Consumer Financial Protection Bureau (CFPB) is requiring the use of a new TILA-RESPA integrated disclosure as of October 3, 2015. In 2012, the Dodd-Frank Wall Street […]

3 Things in The New Mortgage Disclosure Rule That Will Delay Closings

(Jeff Sorg, OnlineEd) – There’s a lot of misinformation circulating about how the new mortgage disclosure three-day rule is going to delay real estate closings. While this could happen, it’s not as bad as it sounds. Here are the three things that could delay your closings: The APR (annual percentage rate) increases by more than 1/8 of a […]

Safety Tips for Real Estate Professionals

(Jeff Sorg, OnlineEd) –  Real estate professionals often find themselves working alone; in the company of strangers; rushing off to vacant houses in the middle of the night; or calling strangers and asking to enter their homes during the evening hours for listing appointments. These and any number of other situations can place licensees in serious […]

FREE Oregon Law and Rule Required Course (“LARRC”)

(Jeff Sorg, OnlineEd – Portland, OR) OnlineEd® is offering its Oregon Law and Rule Required Course (“LARRC”) for free! Released on January 1, 2014, the Oregon Real Estate Agency requires all Oregon Real Estate Licensees to complete this course as part of their continuing education for license renewal.   The course is found for FREE in the […]

FREE Continuing Education Course From OnlineEd For Oregon Real Estate Brokers

(OnlineEd – Portland, OR) OnlineEd® is offering the newly required Law and Rule Required Course (“LARRC”) for free! As of January 1, 2011, the Oregon Real Estate Agency requires all Oregon Real Estate Brokers to complete an approved Law and Rule Required Course as part of their continuing education for license renewal requirement.  Licensees who are […]