Real Estate Lending Compliance

Congress has consistently provided special protection to consumer loan borrowers, especially those who secure loans with their home. There has been an explosion of new lending requirements over the past few years and the changes continue into 2021.
The program provides an overview of the real estate lending requirements from ten regulations, along with comprehensive coverage of selected topics, policy suggestions, employee training tips, audit techniques and steps to eliminate past problems. Emphasis is placed on coverage and exemption rules, determining which disclosures are required, the content of the required disclosures and prohibited acts or practices.
Every year major changes appear and this year is no exception. Big changes are pending with Regulation B, Regulation C, and Regulation Z. The program and the manual have been completely updated for these rules.

WHY?
Where else can you find:
• Comprehensive coverage of 10 major federal real estate lending compliance topics in two information packed days.
• A 400-page manual that serves as a handbook long after the program has ended.

WHO?
The program is designed for compliance officers, loan officers, loan processors, auditors, and others with responsibilities related to the origination and servicing of mortgage loans.

TOPICS
The following laws and regulations are covered:
• Truth in Lending Act (Regulation Z)—includes revisions to the ATR/QM rules and esc row requirements
• Real Estate Settlement Procedures Act (Regulation X)—includes a review of the recent Section 8 (unearned fees and kickbacks) FAQs and foreclosure surge issues
• Equal Credit Opportunity Act (Regulation B)—includes the 2020 Supreme Court ruling and 2021 Interpretative rule on discrimination based on gender identity and sexual orientation, and a review of the proposed rules for data collection for small business loans
• Fair Housing Act—includes a review of recent redlining cases;
• Home Mortgage Disclosure Act (Regulation C)—includes a review of the final rule that updates thresholds for:
– Open-end credit, which is effective on January 1, 2022
– Closed-end credit, which was effective on July 1, 2020
• Flood Insurance Rules—includes updated flood and private flood FAQs;
• Homeowners Protection Act
• Fair Credit Reporting Act—includes a review of the pending EGRRCPA revisions and Pandemic guidance
• Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)—includes a review of the EGRRCPA revisions
• Unfair, Deceptive or Abusive Acts or Practices, including a review of 2020 clarification of the abusive standard and the 2021 revocation of the clarification

Schedule Both Days
8:45 a.m.—Registration
9:00 a.m.—Program begins
Noon—Lunch
1:00 p.m.—Program begins
4:00 p.m.—Adjourn

Continuing Education Credit
Attendees qualify for 13 hours Continuing Professional Education (CPE) credit in the area of Specialized Knowledge.

Virtual Learning
TBA’s Virtual Live Training option allows for one participant per paid registration. The paid registration gives access to program resources for effective learning.
If additional attendees would like access to the program resources (including but not limited to online link/connection, program manuals, and interaction with the facilitator/speaker) an additional paid registration is required. We appreciate your assistance in ensuring that each event participant is registered with TBA and all applicable fees are paid. This will help our organization continue to provide exceptional resources to its members. CPEs and attendance records are kept for all programs. In order to receive documentation for completion of TBA programming, participants must be registered and complete the interactive activities during the Virtual Live program.

Delivery Method and Program Level/Content
This live, overview program will deal with the topics compliance issues and how it has and will be impacting our state banks. Each participant will receive reference materials which will include vital information participants can use ongoing. The instructor(s) will take time to discuss and answer questions participants may have, and will provide important information concerning the day’s topics.