| How Will the Mortgage Disclosure Improvement Act (MDIA) Changes to Reg. Z Impact Your Mortgage Operations? |
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Recorded Thursday, July 9th, 2009
While the Federal Reserve has been busy revising and updating Reg. Z, Congress has its own plan. Along with the Reg. Z changes that take effect this coming October, there are additional changes that come about earlier, as a result of the MDIA legislation. These changes supersede some of the Fed's changes in October, so it can be a bit confusing. We'll straighten out the confusion and talk about exactly what needs to be done this coming July 30th. There will be new early Truth-in-Lending disclosure requirements for additional real estate-secured loan types, along with new tolerances for redisclosure of revised early disclosures, and new waiting periods before you can close loans. And that's not all - the MDIA contains additional provisions that will impact your mortgage lending in the future; the Fed just hasn't included them into Reg. Z yet. |
| In this special one-hour session, we'll address the following topics: |
This will be an interactive session with several opportunities for questions and answers, so come prepared to discuss your needs and issues. |
| Who Should Attend |
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Anyone involved in the mortgage lending process will benefit from this information, from compliance officers and bank counsel to mortgage lending officers, processors, originators, and auditors.
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| The Presenter |
 Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Vice President and Compliance Manager for a large financial institution in Ohio. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.
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