Summary - Past Due or Defaulted Mortgage Loan Borrowers - Understanding the Compliance Rules

A two-hour webinar that reviews Federal compliance rules that regulate how we interact with, and what disclosures we provide to, troubled borrowers.

All a creditor wants is its money back. So, a borrower becoming delinquent on their payments or otherwise defaulting on their obligations is an always-present worry that creditors have. Given the status of the economy, especially the rise of inflation and the housing market, and unpredictable employment issues, creditors currently may be even more worried. Although much of an institution’s actions when a borrower becomes defaulted is based on state and contract law, there are some Federal lending compliance rules that can apply depending on the circumstances and the servicer.

This webinar will discuss the various compliance regulations that speak to how institutions treat borrowers who have become delinquent or are in default on a mortgage loan: in such circumstances, some rules exempt disclosures, others require new disclosures, some require dispute and mitigation resolution procedures.

Also, institutions that are "small servicers" may be exempt or have separate rules in certain circumstances.

This webinar will discuss in detail these requirements, as well as include a brief note as to the interaction of safety and soundness and secondary market requirements with federal compliance regulations, as well as a brief overview of the applicability of various collection laws.

RESPA/Regulation X
- Exceptions from escrow rules
- Dispute procedures
- Force-placement
- Early intervention, continuity of contact, loss mitigation
TILA/Regulation Z
- Periodic statements
- ARM notices with certain loan modifications
Other Rules
- Fair Credit Reporting Act notification and dispute procedures
- Homeownership counseling notification
- Private mortgage insurance
- Servicemember Civil Relief Act
Successor-in-Interest provisions
UDAAP/FDCPA
Quick overview of the Uniform Retail Credit Classification Act; Troubled Debt Restructuring guidance; IRS Forms 1099-A and 1099-C

Attendees

$335 – Attend the Live Webinar
$435 – Attend the Live Webinar and Purchase One On-Demand License
$835 – Attend the Live Webinar and Purchase Five On-Demand Licenses
$335 – Purchase One On-Demand License
$735 – Purchase Five On-Demand Licenses

Each Additional Live Webinar Attendees: $295

Registration Policy: ProBank Education Services permits one participant per paid registration to access the program via a single internet connection at one physical location. Additional registrations are available at a discounted rate and may be registered online, by mail, or phone. Group viewings are not permitted. All unregistered participants will be invoiced. Please note we reserve the right to change speakers or reschedule/cancel seminars when necessary.

On-Demand Purchase: When you purchase an on-demand webinar, you’ll receive secure login credentials to stream the recorded session and download accompanying materials from a separate email from no-reply-educationservices@us.forvismazars.com within 5-7 business days after the live webinar takes place. You’ll have 180 days to access the training at your own pace—making it easy to integrate professional development into your busy schedule.