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Live Webinar

60-minute live streaming program
  • June 24
  • 1:00 - 2:00 pm EST

Lending Compliance for Home Equity Lines of Credit (HELOCs)

June 24

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.

Learning Objectives

  • You will be able to define the features of a HELOC.
  • You will be able to describe the requirements and contents of TILA disclosures for HELOCs.
  • You will be able to discuss which rules apply to HELOCs.
  • You will be able to explain the limits on suspending or terminating HELOCs.

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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

Live Webinar Registration

  • CPE 1.2 including Specialized Knowledge 1.2
     
  • 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: 1.2 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 1.2 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.
     

Who should attend?

This live webinar is designed for loan officers, BDOs, relationship managers, credit analysts, loan underwriters, loan processors, chief credit officers (CCOs), senior loan officers (SLOs), loan committee members, accountants, and direct lending staff.

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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.

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 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 [email protected], 202-628-2000, 202-557-3529, or 571-214-5255
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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.

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
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Additional benefits include:

  • State Specific Credit Tracker
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* For audio recordings you only pay shipping

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

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Product ID: 406164
Published 2021
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