 |
A Provider of AIB Products Reg Z HOEPA (Sect. 32) Loans and Higher-Priced Mortgage Loans |
|
Course Description: Reg Z HOEPA (Sect. 32) Loans and Higher-Priced Mortgage Loans describes the characteristics of mortgage loans subject to either the HOEPA or the HPML requirements of Regulation Z. The course explains the underwriting standards, timing and disclosure requirements, escrow, and servicing requirements. It also explains the penalties for violations of these sections of Regulation Z. Audience: All branch personnel responsible for taking consumer mortgage loan applications. Learning Objectives: By the of this course, the students will be able to: • Identify the disclosures required and what they include • Describe the features that are banned from high-rate, high-fee loans • Examine the impact of new laws and regulations that protect consumers against abusive lending practices • Recognize a HOEPA and a HPML loan based on price and type of loan • Describe the three new special compliance requirements • Identify the consequences for not complying with the new Reg Z rules Course Credits: AIB: 0, ICB: 1.0 CPB, CLBB, CRCM Prerequisites: Reg Z Overview Required Software: None Optional Software: Adobe Acrobat Reader and RealPlayer Cost: Members $95 • NonMembers $130  Forms Page ... Registration ... Requests ... WithdrawalPBA Contact: Jackie Catalano • (717) 255-6939 • jCatalano@paBanker.com |
|
|
|
|