Congress has consistently provided special protection to borrowers who secure loans with their home. And this has never been more true than it is today. As a result, real estate lending is by far the most complex and confusing type of lending. Comprehensive coverage of the real estate lending requirements of each regulation is provided, along with policy suggestions, employee training tips, audit techniques and steps to eliminate past problems. Emphasis is placed on coverage and exemption rules, determining which disclosures are required and the content of the required disclosures. Every year major changes appear and this year is no exception, with the recent major revisions to Regulation Z and RESPA leading the list.
The following regulations are covered:
- Equal Credit Opportunity Act (Regulation B)
- Fair Housing Act
- Home Mortgage Disclosure Act (Regulation C) – includes a review of new pricing data (effective October 1, 2009)
- Homeowners Protection Act
- Flood Disaster Protection Act – updated for the new Interagency Questions and Answers
- Fair Credit Reporting Act – includes a review of the new Accuracy and Integrity rules (Effective July 1, 2010) and the new risk-based pricing notice (effective January 1, 2011);
- Truth in Lending Act (Regulation Z) - includes a review of the major new rules (new early TIL disclosure rules, new Higher-Priced loans, escrow requirements, and new servicing rules) (Effective on various dates from July 30, 2009 to April 1, 2010)
- Real Estate Settlement Procedures Act (Regulation X) – includes a review of the major revisions (new GFE, HUD-1/A, and Servicing Disclosure Statement) to Regulation X (Effective January 1, 2010)
- Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) – registration of mortgage department personnel
- Helping Families Save Their Homes Act
The program is designed for Compliance Officers, Loan Officers, Loan Processors and Auditors.
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Where else can you find:
- Comprehensive coverage of 10 major federal real estate lending compliance topics in 2 information packed days;
- A 300-page manual that serves as a handbook long after the program has ended; and
- An instructor with 34 years of experience with the topics and 29 years of experience as a trainer.
- The program is approved for 12 hours of CRCM credit.
Jack Holzknecht with Pegasus Educational Services, LLC.
The registration fee for this two-day program is $390 for members and nonmembers. Registration fees include instruction, materials, refreshments and lunch.
Full registration fees will be refunded if a cancellation is received on or before ten business days prior to the program. If date of cancellation is less than ten days prior to the program, a $100 processing fee will be retained. No refunds will be given the day of the program. Substitutions are welcome. All cancellations and substitutions must be received in writing.
Dress for the program is business casual. To ensure your comfort, please bring a jacket or sweater. If you need additional information, please contact The Alabama Bankers Association office, (334) 834-1890 by email at info@alabamabankers.org.
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