Wolters Kluwer Financial Services has launched a new online resource center designed to better inform lenders and help them prepare for the broad impact of the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) requirements, which go into effect on Aug. 1, 2015.
“The introduction of this new resource center answers a call by our customers to provide them with more information and clarity around these regulations,” said Art Tyszka, general manager of residential lending at Wolters Kluwer. “Our compliance experts have invested thousands of hours in deep analysis of the rules, which puts us in a unique position to contribute meaningful guidance and help alleviate some of the burden faced in preparing for these changes.”
The TILA-RESPA Resource Center will help lenders become more informed about the regulation and stay up-to-date with changes as they occur. Educational videos and links to relevant conversations taking place in the industry provide useful tools for further understanding of TILA-RESPA requirements and the analysis of how they are impacting businesses. The Resource Center also provides access to solutions and compliance services available to help lenders meet the wide array of challenges presented by the TILA-RESPA requirements.
“A key to understanding the real scope and complexity of these new rules is to have access to information,” said Kris Stewart, senior manager of professional services at Wolters Kluwer. “Lenders need a trusted source to turn to and the tools available in our Resource Center will help them understand nuances of the requirements and determine the impacts to their business.”