2012 Mortgage Update - B to Z

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A full‐day seminar bringing together all the requirements necessary to ensure compliance for closed‐end, consumer purpose real estate secured loans. This seminar specifically focuses on changes to the disclosure process resulting from recent changes to the Federal Reserve Board’s Regulation Z, HUD’s Regulation X, Fair Credit Reporting Act/FACT Act and other lending related regulations.

The volume of recent changes related to consumer mortgage transactions includes new disclosure, timing and verification requirements. Many existing requirements have been expanded while entirely new procedures are mandated for certain transactions. Some disclosure forms have been “tweaked” while others have been completely redesigned. Many timing requirements have also been revised. This program helps your institution make sense of the new regulatory material, and to understand how these changes blend in with the existing compliance requirements.

During most seminars, regulations are reviewed individually. This seminar discusses the disclosures on a timeline beginning when the customer first presents the loan request all the way through closing. The material is organized in a sequence similar to the way you would process a loan. Attendees walk away with detailed materials including a disclosure matrix which identifies both the form and timing of required disclosures by loan type.

Topics

  • Truth‐in‐Lending Act/Regulation Z
  • RESPA/HUD’s Regulation X
  • Fair Credit Reporting Act/FACT Act – Regulation V
  • Equal Credit Opportunity Act/Regulation B
  • HMDA/Regulation C
  • Fair Housing Act
  • Flood Disaster Protection Act
  • Homeowners Protection Act
  • Home Ownership Counseling Notification Requirements
  • Bank Sales of Insurance
  • Executive Summary of the Dodd‐Frank bill

Who Should Attend

This seminar is designed especially for the compliance professional who is familiar with the basics of compliance
for closed‐end, consumer purpose real estate secured loans, but who needs to receive an update regarding recent
regulatory changes. The seminar also benefits those who work in the loan application, processing, closing and audit
functions.

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