Regulation Z: An Overview & Major Changes

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, December 9th, 2008
1:30 pm - 3:30 pm CT

The Institute of Certified Bankers^TM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CRCM credits.

This webinar deals with what is probably the most-difficult regulation in all of lending compliance – the Fed’s Regulation Z, Truth in Lending. It is always at or near the top of the list of the most frequently-violated regulations. In addition, the Fed has proposed two major changes to the rule – one to credit cards and the other to mortgages. Do you know what’s coming? The changes will have a major impact on the disclosures you provide for many types of loans, if they're finalized as written. We'll go over the proposals to get you ready. This session is an in-depth discussion of Regulation Z, where we will examine the details, including focusing on often-troubling parts of the rule as well as what's coming.

Covered topics include:

What loans are covered by Reg. Z? A simple step-by-step guide
Business purpose vs. consumer purpose (and rental property loans) - what is covered and how to tell
Finance charge basics - what is a finance charge and what does that mean?
Prepaid finance charges and the amount financed
Open-end vs closed-end credit - different rules for different types of loans
Home equity lines of credit (HELOCs) - special rules
Timing of disclosures - the most frequently violated part of the rule
Refinancing vs. modification
Advertising rules - what to say and what to avoid, plus many new requirements
Right of rescission - who gets it and what it means
Section 32 loans - what they are and what to do if you have them
Problem loans - tolerances and fixes
A new class of mortgages: "Higher-priced mortgage loans" - the new rules
Proposed credit card rules and UDAP standards
And more

Plus frequent question and answer sessions throughout this presentation.

Who Should Attend?

This webinar is appropriate for all involved in consumer lending (whether or not real estate is involved). Compliance officers, auditors, underwriting personnel, CSRs with documentation duties, and bank attorneys are just some of the personnel with a vested stake in Reg. Z compliance.

Sign Up!

On-Demand Recording Only - $255: Unlimited playback & materials only. If you are unable to attend the regularly scheduled event, but are interested in the topic, you can purchase the recorded version. You will receive a web address for online viewing and an audio CD and handouts for offline viewing.