"Oh what a tangled web we weave"... Walter Scott was referring to the web woven by people who intend to deceive others. The CFPB has created a "tangled web" while crafting regulations intended to prevent deception. This webinar will help you untangle the intricacies of numerous fee disclosure requirements.
The proper disclosure of fees on consumer loan transactions has always been complicated, take for example the multi-page calculation of a finance charge in §1026.4. Fee disclosure has become more complicated over the past few years with the addition and revisions of rules for High-Cost Mortgages, Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosures (TRID), Ability to Repay/Qualified Mortgage Rules, Home Mortgage Disclosure Act/Regulation C, and The Military Annual Percentage Rate.
Who Should Attend
This program is designed for everyone involved in the origination and management of consumer credit (including mortgage loans), including lenders, the compliance staff and auditors.
Continuing Education Credit Information
Untangling the Web of Fee Disclosures has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. For questions on certificates, please email firstname.lastname@example.org. Certification holders must report these credits at https://aba.csod.com.