Program Description:
Real Estate lenders have a unique task: virtually all the compliance requirements in the lending arena apply. These requirements are difficult, complex, and always changing. In this webinar, we explore the range of rules and regulations that cover real estate lending, with specific emphasis placed on new and changing regulations. Learn what rules apply, when they apply, definitions of complex terms, as well as the penalties for noncompliance.
This two-hour course covers:
- Regulation Z – Truth in Lending, including advertising requirements
- Real Estate Settlement Procedures Act (RESPA) – changes coming?
- Regulation B – Fair Lending and the Fair Housing Act
- Regulation C – Home Mortgage Disclosure Act (HMDA)
- Flood Insurance Regulations – renewed emphasis
- Appraisal rules – new standards of independence from the regulators
- Fair Credit Reporting Act, including new FACT amendments and changes
- IRS reporting requirements
- Private Mortgage Insurance (PMI) rules
- Lead-Based Paint rules
- Privacy and US Patriot Act Customer Information Program requirements
- And others
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
This interactive session will give a basic understanding of each of these rules and is imperative for anyone performing duties in real estate lending areas of the financial institution. This includes loan officers, personal bankers, supervisors, auditors, closing agents, compliance officers, trainers and others working in these types of positions.
Presenter:
Carl Pry, J.D., Director of Fair Lending Compliance for KeyBank in Cleveland, Ohio. Mr. Pry provides 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. 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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