Summary - Real Estate Lending Compliance

Three Full Days with Emphasis on Fair Lending Issues and Disclosures (Including TRID Disclosures).

Loans secured by dwellings and real property are subject to more compliance requirements than any other type of loan product, particularly closed-end consumer loan (i.e., “mortgage” loans). Over the past years, including the changes caused by the Dodd-Frank Act, the nature and size of the regulatory environment has grown substantially. This program is designed to offer the attendee instruction on significant topics affecting these loans.

Over three days, this seminar will address in depth rules that require “fairness” in banking (e.g., ECOA, FCRA, UDAP/UDAAP) and those that require creditors to provide disclosures, make determinations, and provide certain consumer protections for mortgage loans under Regulation Z, RESPA, and Flood. Finally, we will briefly address other Federal laws and regulations that may apply.

This program is intended for those entering the “regulatory compliance world” or those responsible for “pre” closing file preparation or “post” closing file review. Attendees receive one of the most highly regarded manuals in the industry (over 500 pages of content). The manual will likely be referred to on countless occasions.

Emphasis on Fair Lending Issues

Equal Credit Opportunity Act – Regulation B
- Identification of the Prohibited Bases
- Required Collection of Monitoring Information
- Permissible Questions
- Spousal Signatures
- Appraisal Requirements
Fair Housing Act
- Coverage and Prohibited Practices
- Specific Regulatory Agency Requirements
Fair Credit Reporting Act/FACT Act
- Permissible Purposes and Use of Reports
- Risk-Based Pricing Notices
- FCRA Adverse Action Notices
- Obligations as Furnisher of Information
Unfair, Deceptive or Abusive Acts or Practices
- Standards of Determining What’s Unfair, Deceptive or Abusive
- Managing Risks

Emphasis on Disclosures

The Integrated Mortgage (TRID) Disclosures under the Truth-in-Lending Act and the Real Estate Settlement Procedures Act
- Overview
- Revised Definitions
- Revised Coverage and Exemptions
- The Loan Estimate
- The Closing Disclosure
- Timing and Delivery and Waiting Period Requirements
- Rules for Issuing Revised and Corrected Disclosures
- Recordkeeping Requirements
Truth-in-Lending Act – Regulation Z (Closed-End Credit)
- Coverage and Exemptions
- Adjustable Rate Mortgage Disclosures
- Limitations on Mortgage Loan Originator Compensation
- Identifying HOEPA (Sec. 32) and HPMLs (Sec. 35), Including New Escrow and Additional Appraisal Requirements
- Rescission Pitfalls
- Ability-to-Repay and Qualified Mortgages
- Servicing Requirements Including Closed-End Periodic Statements
Real Estate Settlement Procedures Act
- Current Coverage and Exemptions
- Disclosures Regarding Force Placement of Insurance
- Mortgage Servicing Policies
- Early Intervention, Continuity of Contact, and Loss Mitigation Procedures
- Proper Administration of Escrow Accounts
- Prohibition of Referral Fees
Flood Disaster Protection Act
- When Flood Determinations are Required
- Use of Previous Determinations
- Accuracy, Content, and Timing of Required Notices
- Escrow Requirements
- Force-Placement
- Penalties for Non-Compliance
Additional Reference Materials Provided
- Homeowners Protection Act
- Homeownership Counseling
- Talent Amendment (Military Lending Act)
- Sale of Insurance
- Home Mortgage Disclosure Act

Attendees: $1,215

Each Additional Attendee: $1,115

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.