Right of Rescission – Review & Update

Register by January 20th and take advantage of our Early Bird Pricing!

All registrations to Compliance Resource webinars include five live connections AND the recording of the webinar (guaranteed for one year).

Right of Rescission – Review & Update has been submitted to ABA Professional Certifications for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees.

WHAT?

Regulation Z contains a long list of complex and confusing provisions. The rules related to the consumer’s right to rescind a mortgage transaction are near the head of the list. Few topics generate more litigation or more questions.

All of the rules, from providing the notice of rescission to undoing transactions that the borrower has rescinded, are covered. The program explains what transactions are subject to the right to rescind, who has the right to rescind, how to handle rescission, and how to fix problems when they occur.

The program and the program materials are fully updated.

WHY?

This two-hour program explains all of the rescission rules. It provides easy to understand answers to questions, and it provides a system to assure compliance.

Participants receive a detailed manual that serves as a handbook long after the program is completed.

PROGRAM CONTENT

Upon completion of this course, attendees understand:

• What transactions are subject to the right to rescind;
• Who has the right to rescind;
• How to handle rescission for both open-end and closed-end credit;
• How long does the rescission period lasts and when does it begin;
• Which of the seven model rescission forms to use;
• What is the potential liability if an error occurs and how are errors corrected; and
• Who has the right to waive the right to rescind.

WHO?

The program is designed for loan officers, compliance officers, loan processors and clerks and auditors.