Description

Describes the characteristics of mortgage loans subject to either the HOEPA or the HPML requirements of Regulation Z. Explains the underwriting standards, timing and disclosure requirements, escrow, and servicing requirements. Discusses the penalties for violations of these sections of Regulation.
What You’ll Learn
After completing this course, students will be able to:

Identify the disclosures required and what they include

Describe the features that are banned from high-rate, high-fee loans

Examine the impact of laws and regulations and the consequences of non-compliance

Recognize a HOEPA loan based on price and type of loan

Recognize an HPML and understand the additional requirements for HPMLs

Additional information

Audience	All branch personnel responsible for taking consumer mortgage loan applications.
Credits	1.0 CRCM, 1.0 CLBB
Member Price	95.00
Non-Member Price	130.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online