Description
Understand the requirements of the current regulations and statutes and specific issues involved in a mortgage transaction.Since the early 2010s, there have been several statutes created and modified that apply to consumer credit transactions and mortgage transactions. There are several requirements dealing with the process, from obtaining a license as a mortgage originator to taking a loan to settlement. This presentation will provide a refresher for those requirements through an analysis of the current regulations and statutes and specific issues involved in a mortgage transaction. This program will be of assistance to attorneys, as well as loan officers and credit and collection managers.
Date: 2022-10-25 Start Time: End Time:
Learning Objectives
Regulation Z • 12 CFR Part 1026 – Implements Truth in Lending Act (TILA)
• General Concepts
• Closed-End Credit
• Home Mortgage Transactions
Home Ownership and Equity Protection Act (HOEPA)
• General Concepts
• High-Cost Mortgages / Section 32 Loans
Regulation X • 12 CFR Part 1024 • Implements Real Estate Settlement Procedures Act (RESPA)
• Good Faith Estimates (GFEs)
• HUD-1 Settlement Statements
• Escrow Accounts
• Timing of Disclosures
Secure and Fair Enforcement for Mortgage Licensing (SAFE Act)
• General Concepts
• Mortgage Loan Originator (MLO) and SAFE Act Responsibilities
• National Mortgage Licensing System (NMLS)
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Christopher DeNardo-LOGS Network
