Description: Reg Z Mortgages (Closed-End Credit) discusses Regulation Z disclosure issues pertinent to mortgage lending, and includes the new Regulation Z rules applicable to loan servicing, MDIA, appraisals, mortgage servicing rules and mortgage loan originator compensation.

Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.

Audience: Any branch staff responsible for taking mortgage applications or who are compensated as mortgage loan originators.

Learning Objectives: After completing this course, students will be able to:

• Identify the mortgage transfer disclosures under the Mortgage Disclosure Improvement Act (MDIA)
• Describe the rules on mortgage loan originator compensation
• Identify the loan transfer and loan servicer rules
• Examine the Reg Z rules on appraisals