Show navigation

Live Webinar

90-minute live streaming program
  • June 10
  • 1:00 - 2:30 pm EST

A Comprehensive Guide to Reg Z: Closed-End Credit Compliance

June 10

Gain a practical understanding of Regulation Z and how to avoid common pitfalls.

The Truth in Lending Act’s implementing rule, Regulation Z, attempts to protect consumers by requiring lenders to facilitate an informed credit decision by providing detailed disclosures at various points during the life cycle of the loan. Many lenders and their employees find Regulation Z’s substantive and timing requirements to be confusing and unclear, but they do not have the time to consult with an attorney or compliance officer every time a loan term or other fact changes. This topic helps lenders and loan officers avoid the potentially significant penalties and sanctions associated with violating Regulation Z by helping them understand when the rule applies, as well as how to maintain compliance in areas of advertising, APR calculations, disclosures, and more.

Learning Objectives

  • You will be able to define an annual percentage rate and distinguish it from an interest rate.
  • You will be able to describe the disclosures required under Regulation Z.
  • You will be able to discuss the special rules applicable to high-cost mortgages, higher priced mortgages and qualified mortgages.
  • You will be able to identify whether an advertisement is in compliance with Regulation Z.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Is My Loan Covered by Reg Z?
  • Covered Transactions
  • Exemptions
  • Certain Mortgage Transactions – High-Cost Mortgages, Higher Priced Mortgages and Qualified Mortgages
Selling the Loan: Advertising
  • General Requirements
  • Trigger Terms
  • Media Requirements
Making the Loan: What's the APR?
  • Fees and Finance Charges
  • APR vs. Interest Rate
  • APR Calculations
Making the Loan: What Do I Need to Tell the Customer?
  • Disclosure Requirements
    • General Requirements
    • Oral Disclosures
    • NonEnglish Disclosures
  • Content and Timing Requirements
  • Certain Mortgage and Variable-Rate Disclosure Requirements
The Loan's Closed: Now What?
  • Post-Closing Disclosure Requirements
  • Right of Rescission
  • Record Retention
  • State Law Considerations
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: basic knowledge of the banking industry. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for presidents, compliance officers, vice presidents, branch managers, business owners and managers, loan officers, loan department personnel, mortgage brokers, underwriters, and accountants.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Pavitra (Pavy) Bacon

Pavitra (Pavy) Bacon

Ballard Spahr LLP

  • Senior associate in the Washington, DC office of Ballard Spahr LLP
  • Practice emphasizes all aspects of consumer financial services and mortgage banking
  • Author of several publications related to the area of consumer and mortgage lending compliance
  • Chair, Consumer Finance Committee, D.C. Bar Litigation Section; Women in Housing and Finance; South Asian Bar Association; DC Capital Pro Bono Honor Roll; Super Lawyers Rising Star
  • J.D. degree, American University, Washington College of Law
  • Can be contacted at [email protected] or 202-661-2295
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405613
Published 2019
Purchase Options

Register today before this event fills.