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New TIL RequirementsExpand / Collapse
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Posted 6/23/2009 11:28:08 AM


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Is the updated TIL going to be included in the next update? The new regulations say it should include the following phrase:

“You are not required to complete this agreement merely because you have received these disclosures or signed a loan application”

Post #8674
Posted 6/23/2009 12:46:12 PM


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This statement was added in 7.0

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Post #8675
Posted 6/23/2009 1:53:24 PM


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Is there a way we can get an update for 6.2a, we are not wanting to go to 7.0 quite yet but we have to have this form by July 31st.
Post #8677
Posted 6/23/2009 2:54:29 PM


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Diana, let's discuss this offline. I think you have my email.

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Post #8680
Posted 6/24/2009 11:01:47 AM
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We have the same issue.  We are currently on 6.2b and we will not be able to go to 7 until we replace over 100 win 2k machines.  However, we also need to have the updated TIL.
Post #8685
Posted 6/24/2009 2:12:52 PM


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chrisusb - are you with Guardian Savings Bank?

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Post #8691
Posted 6/24/2009 2:49:55 PM
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I am with Union Savings Bank
Post #8693
Posted 6/24/2009 3:44:30 PM


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OK, thanks. Please e-mail me at pointpm@calyxsoftware.com. I will get you what you need.

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Post #8695
Posted 7/10/2009 3:44:08 PM
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the new verbiage only appears on the TIL labeled "(For Section 32 Mortgages)"

Does Calyx plan to update the regular TIL form?

Post #8814
Posted 7/23/2009 5:59:12 PM


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7.0 has the new verbiage, but it appears outside the "Fed Box". While it's technically not correct, it's not a violation. 7.1 will have the verbiage inside the "Fed Box".  The TIL in 7.0 is acceptable, though.

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Post #8915
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