Description
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Every year sees major changes and this year is no exception.
This series provides an overview of the real estate lending requirements from ten regulations, along with comprehensive coverage of selected topics, policy suggestions, employee training tips, audit techniques and steps to eliminate past problems. Special emphasis is placed on coverage and exemption rules, determining which disclosures are required, the content of the required disclosures and prohibited acts or practices.
Congress has consistently provided special protection to consumer loan borrowers, especially those who secure loans with their home. With multiple new enforcement actions and changes to existing requirements continuing into 2024, it’s critical that your real estate lending programs are up to scratch.
You’ll come away with a comprehensive understanding of 10 major federal real estate lending compliance topics over the course of 4 session and a detailed manual that can serve as a handbook long after you’ve completed the series.
Part 1
- Equal Credit Opportunity Act (Regulation B) – includes a review of the data collection and reporting rules for small business loans under Section 1071 of the Dodd-Frank Act;
- Fair Housing Act – includes a review of recent redlining, appraisal discrimination and loan pricing cases;
- Fair Credit Reporting Act;
Part 2
- Flood Insurance Rules – includes the new Flood Insurance Questions and Answers which, and the status of the Standard Flood Hazard Determination form;
- Home Mortgage Disclosure Act (Regulation C) including a review of the case that lowers the threshold for closed-end mortgage loan coverage back to 25 loans;
Part 3
- Truth in Lending Act (Regulation Z) – includes revisions to the ATR/QM rules and the latest guidance on TRID rules;
Part 4
- Real Estate Settlement Procedures Act;
- Homeowners Protection Act;
- Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act); and
- Unfair, Deceptive or Abusive Acts or Practices.
WHO
This four-part series is designed for Compliance Officers, Loan Officers, Loan Processors, Auditors, and others with responsibilities related to the origination and servicing of mortgage loans.
