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.
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Why Lorman?
Over 37 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 37 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.
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Why Lorman?
Over 37 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
Weiner Brodsky Kider PC
- Member, Weiner Brodsky Kider PC
- Consumer finance and consumer loan programs and compliance
- Frequent speaker and author on consumer finance topics
- Member of D.C., Virginia, Maryland, Georgia, and Louisiana State Bar Associations
- J.D degree, Louisiana State University; LL.M. degree, Emory University; B.A. degree, Louisiana State University
- Can be contacted at [email protected] or 571-214-5255
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Why Lorman?
Over 37 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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