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Lending Compliance for Home Equity Lines of Credit (HELOCs)

Understand the requirements and challenges that can exist with HELOCs.

This presentation will provide an overview of the compliance requirements with HELOCs, and assist you in better understanding the marketing, processing, regulatory, and other compliance requirements in offering and servicing HELOCs. This material will also provide you with a better understanding of the regulatory requirements and challenges that can exist with HELOCs. In addition, this topic will address the opportunities that may be present to better hone an institution's consumer credit product offerings.

71 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 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

Overview of Home Equity Lines of Credit Topic

  • History of HELOCs
  • First Regulation of HELOCs (the HELCPA)
  • Federal Reserve Board's Initial HELOC Regulations, and Applicability of Current CFPB Rules

Regulation Z Marketing and Practice Requirements and Limits on HELOCs

  • Advertising Rules
  • Application Processing and Limits on Fees

HELOC Application Disclosures

  • Timing of HELOC Application Disclosures
  • Content of HELOC Application Disclosures

HELOC Closing Disclosures and Servicing Issues

  • Timing of HELOC Closing Disclosures
  • Content of HELOC Closing Disclosures
  • Limits on Suspension and Termination of HELOCs

Requirements of CFPB and Other Rules

  • Section 32 High-Cost Home Loan Rules
  • ECOA and Appraisals
  • Flood Requirements
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More Program Information

Why Lorman?

Over 34 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

OnDemand Course

This course was last revised on June 24, 2021.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 34 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

James Milano

James Milano

Weiner Brodsky Kider PC

  • Member of Weiner Brodsky Kider PC
  • Practices in consumer credit compliance regulatory review and advice, with a focus on marketing, lending, and servicing of consumer and mortgage loans
  • Frequent speaker at conferences and webinars on consumer finance issues
  • Co-authored various publications
  • State Bar Member of District of Columbia, Georgia, Louisiana, Maryland, and Virginia
  • LL.M. degree, Emory University; J.D., B.S. and B.A. degrees, Louisiana State University
  • Can be contacted at 202-628-2000, 202-557-3529, 571-214-5255, or [email protected]
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More Program Information

Why Lorman?

Over 34 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.

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Product ID: 406164
Published 2021
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