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HELOCs: From the Starting Line through Note Burning

An in-depth dive on understanding consumer compliance requirements, specifically for HELOCs. This session will include how to handle adverse situations, such as a decline in home value.

Upcoming
Wednesday, July 23rd, 2025
1:30 pm - 3:00 pm
Presented by Molly Stull
2 CRCM Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • General Compliance
  • Lending Compliance
  • Mortgage Lending
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Training Manager
  • Trainer

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Home equity lines of credit (HELOCs) are secured by a mortgage but have very distinct and unique compliance requirements from that of a traditional mortgage loan. Join us as we dive deep into the specific requirements for HELOCs, starting with the program specific disclosure, required compliance disclosures, and contents of the periodic statement.

Included in this session is how to handle challenging situations by properly calculating a significant decline in home value, identifying when additional draws can be restricted, and when a credit limit can be reduced. All are critical components for managing the HELOC product within the regulatory guidelines.

If your institution offers HELOCS or is exploring adding them to the product mix, this session will provide the details needed to satisfy compliance requirements from application through note burning!

What You'll Learn

  • Identify the required components of a HELOC disclosure
  • Explain the compliance disclosures applicable to HELOCs
  • Properly calculate timing for right of rescission
  • Compute a significant decline in home value
  • Recognize when additional extensions can be prohibited
  • Calculate minimum coverage required by the Flood Disaster Protection Act

Who Should Attend

This informative session is designed for anyone involved with originating or servicing your HELOCs, including consumer lenders, loan servicing staff, credit officers, compliance officers, and auditors.

Molly Stull

Instructor Bio

Molly began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.

Continuing Education Credit Information

HELOCs: From the Starting Line through Note Burning has been approved for 2 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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