Regulatory Compliance Series Online Access - Day 2

Regulatory Compliance Series

Day 1

Day 2
     Watch Recorded Event - Coming Soon!
     Resources
     Session Information
     Speakers

Day 3

Day 4

Day 5

Credit Compliance, Part 2

This program focuses on the numerous and nuanced requirements for Reg Z and RESPA. The comprehensive discussion sets the table for Part 3 and Truth in Lending / RESPA integrated disclosures.

Watch Recorded Event COMING SOON!

Day 2 Resources

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Day 2 Session Information

Reg Z: Truth in Lending Act

• Coverage and exemptions
• Finance charges, annual percentage rate and amount financed
• Adjustable-rate mortgage (ARM) disclosures
• Mortgage transfer disclosure
• Right of rescission
• Higher-priced mortgage loans
• Homeownership counseling
• Ability-To-Repay / Qualified Mortgage rules

Reg X: Real Estate Settlement Procedures Act (RESPA)

• Homeownership counseling
• General disclosure requirements
• Restriction of fees
• Escrow accounts
• Mortgage servicing and error resolution procedures
• Early intervention requirements, continuity of contact, and loss mitigation procedures

Learning Objectives

• Describe the Ability-to-Repay and QM rules
• Understand the QM exemption rules
• Identify finance and prepaid charges, calculations, APR tolerances and payment streams on Truth in Lending disclosures
• Recognize when kickback provisions expose the bank to penalties, calculate the initial escrow statement and perform an ongoing annual accounting adjustment when there is a funding surplus, shortage or deficit

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Day 2 Speakers

Monique Reyna

Compliance Consultant

TCA Compliance

Michelle Strickland

Managing Partner & Co-President

TCA Compliance

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