Gotcha! Non-Compliance snafus that can cost you up to $1,000,000 per day
During the past 6 months I’ve traveled all over the United States to provide live TRID training to brokers and real estate agents. A staggering 62% of these participants didn’t know the correct definition of business day for the Loan Estimate!
HOUSTON…WE HAVE A PROBLEM!
Nothing less than your reputation, business and livelihood are at stake.
From October 3, 2015 onwards here’s how the CFPB will penalize non-compliance offenders:
“Knowing” violations—$1,000,000 per day
“Reckless” violations—$25,000 per day
“Other” violations—$5,000 per day
“Reckless” violations—$25,000 per day
“Other” violations—$5,000 per day
The time to take action is NOW.
Phonize Learning’s new digital course can help you put a comprehensive plan in place for compliance so you can avoid these disastrous penalties.
SIGN UP now to receive the complete course for $25 until October 3, 2015.
I’m ready to help you learn the new compliance rules and keep your business orbiting safely.
Let’s get you ready for launch.
All the best,
-Ginger
