Cover story: Get ready for TILA-RESPA Integrated Disclosure

Be prepared for the changes coming to real estate transactions in Illinois and read the cover story of the July Illinois REALTOR®.

The online version of the story “TILA-RESPA Integrated Discosure: Are you ready?” will help you better understand the costs, features and risks of the mortgage loans your buyers apply for, so you can help them understand, too.

The story provides background information on the current process and forms, and briefly explains why they were developed. Then, you’ll get a description of how those changes could affect future transactions.

In addition to this story, you’ll see links to other resources on the subject, including:

  • An audio recording of the May 4 webinar sponsored by IAR and the Illinois Banker’s Association;
  • An NAR video by Senior Counsel Finley Maxson;
  • A June 25 IAR legal webinar.

Watch your mailbox for the arrival of the July Illinois REALTOR®.

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