• 16 minutes

High Rate Home Equity Loan Protections


Gain an understanding of home equity loan protections.

Aimed at combatting the problem of reverse redlining, Congress amended the Truth in Lending Act of 1994 with the Home Ownership and Equity Protection Act (HOPEA). HOPEA imposes heightened disclosure requirements to consumers by lenders. The new disclosure requirements apply to high-cost mortgage loans. Redlining is the practice of denying credit to individuals who live within certain geographic boundaries, based primarily on race, income, or ethnicity. By contrast, reverse redlining is the practice of targeting cash-poor homeowners in those same neighborhoods for the extension of home-equity loans with very high interest rates and fees. This video reviews how the new disclosure requirements apply to high-cost mortgage loans as defined by 15 U.S.C.A. § 1602(aa).

Runtime: 16 minutes



Mark D. Belongia

Mark D. Belongia

Hinshaw & Culbertson LLP

  • Partner at Hinshaw & Culbertson LLP
  • Practice emphasizes all aspects of financial regulatory areas, such as consumer lending and banking
  • Conducts regular seminars and workshops on lending and debt collection
  • Author of several publications related to the areas of lending to all types of consumers and proper methods of the collection of this debt
  • Member of the Chicago, Illinois, and American Bar Associations
  • J.D. degree, DePaul University College of Law; B.S.B.A. degree in accounting, Drake University
  • Can be contacted at : [email protected] or 312-704-3985

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