Updates on Reg Z and RESPA Rules, With a Focus on the CFPB and New Requirements

Carl Pry

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Director for Treliant Risk Advisors in Washington, DC. 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.

Tuesday, March 20th, 2012
10:00 am - 12:00 pm CT

2.5 CPB, 2.5 CRCM credits

Reg. Z and RESPA have now been officially turned over to the CFPB, and they have plans to make major changes. Some of those changes were mandated by the Dodd-Frank Act, others are planned to encourage “transparency” and achieve other goals the Bureau has. But we have to comply now - how to best do this?

This session will serve as a review of the major trouble points encountered by mortgage lenders, as well as an update on things heard from mortgage lenders and regulators alike. We'll talk about the common mistakes and misconceptions, what examiners will be looking for, and get you ready for your next mortgage lending exam.

Covered Topics Include:

In-depth discussion of the RESPA rules, including completing the GFE and HUD-1: What problems are the regulators finding?
What will the new initial and closing disclosures look like? How can we prepare now?
Providing a new GFE and/or Early TIL in "changed circumstances"
MDIA changes and Reg. Z: When to give what
Loan originator compensation issues - changes in your business model?
Appraisal independence rules - what to do to ensure compliance
Dodd-Frank changes - new disclosures, new standards, and "qualified mortgages"
And more

Who Should Attend?

Anyone involved in consumer mortgage loan (as well as other real estate-secured loan) operations, underwriting, servicing, and compliance will benefit from this session, including compliance officers, underwriters, senior management, bank counsel, and operations, among others.

Sign Up!

6-Month OnDemand Weblink - $255: Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.
Audio CD and Hardcopy Handouts - $285: Audio CD plus Hardcopy Handouts. Does not include live session.