June 4, 2015

What to Expect From the New Closing Disclosure


What to Expect From the New Closing Disclosure – Pawleys Island

Start Time: 10:00 AM

End Time: 11:30 AM


Waccamaw Library 41 St. Paul Place
Pawleys Island, SC 29585


Join us Wednesday, June 24, 2015 for your a special education session, being held in the Waccamaw Library from 10:00 – 11:30 am.

Presenter: Mike McDonough, Esq. Murray Law Group, LLC – Silver Level Annual Sponsor & CCAR Affiliate Member

Course title: What to Expect from the New Closing Disclosure

Course Description:
Extensive Changes Coming to Financed Real Estate Transactions. The Consumer Financial Protection Bureau (CFPB) has come up with a set of new rules that will change not only the settlement statement but also the way the settlement process works when a lender is involved in a transaction. Many of the current disclosures are going to be consolidated into one final “closing disclosure” that is five pages total and replaces our current HUD. The closing disclosure contains many bank disclosures, including the truth in lending, and has a significantly changed presentation of closing information. All loan applications taken on or after August 1st will be subject to the new rules and regulations so please join Murray Law Group, LLC for a brief explanation of the changes to your real estate transactions and a review of the new closing disclosure.

Mike will give REALTORS a preliminary glance at the changes to be implemented in August 2015. The class will mostly spend time going over the new closing disclosure and loan estimate.

Please see this link (http://www.consumerfinance.gov/knowbeforeyouowe/compare/) as a comparison of the differences.

We look forward to seeing you there!

Register Here: https://mdweb.mmsi2.com/coastalss/

If you have any questions- Give Mike McDonough a call: 843-979-9400