HELOC Compliance coming in a webinar to you

on "February 07, 2020 2:03 pm"

HELOCs are highly regulated and have special rules and disclosures. Learn the ins and outs of required disclosures, advertising restrictions, and properly handling HELOCs from application through end-of-draw.

10 CUWNWEBINAR CUSTOM

HELOC Compliance: Disclosures, Documentation, Advertising, Amending & More
90-minute webinar
February 27, 2020

(recorded webinar also available)

AFTER THIS WEBINAR YOU'LL BE ABLE TO:

  • Understand the specific disclosures required for HELOCs
  • Analyze advertising restrictions and the mandatory special wording
  • Distinguish when a change-in-terms notice must be sent to the borrower
  • Provide the required special notice when a HELOC is reduced, suspended, or terminated
  • Determine if a HELOC can be terminated when the borrower moves out or the home's value significantly declines
  • Properly manage HELOCs nearing the end-of-draw period

REGISTER HERE

WEBINAR DETAILS:

A home equity line of credit (HELOC) is a special type of loan that is highly regulated. Every aspect of a HELOC has special rules. There are certain disclosures that must be included in the loan documents, distinct wording for advertisements, special limitations on when lenders may decrease or suspend a HELOC, and special timing requirements for disclosures sent prior to maturity. In addition, Regulation Z prohibits lenders from changing any term of a HELOC, except in very limited circumstances.

This webinar will explain the required HELOC disclosures and advertising restrictions. It will explore specific situations when lenders are permitted to decrease, suspend, or terminate a HELOC, and how to do so. You'll also learn how to handle HELOCs nearing their end-of-draw periods. Attendance certificate provided to self-report CE credits.


WHO SHOULD ATTEND:

This informative session is designed for mortgage loan officers, loan operations personnel, managers, compliance officers, internal auditors, marketing staff, and attorneys.

PRESENTED BY:

Elizabeth Fast, JD & CPAElizabeth Fast, JD & CPASpencer Fane LLP Elizabeth Fast is a partner with Spencer Fane Britt &Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm's training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg...more info here