Everything You Need to Develop, Maintain & Audit ARM Disclosures
Two hour tele-web seminar August 16, 2012
Learn how to develop, maintain and audit ARM disclosures. This program explains the rules, reviews typical problems, and provides steps to assure ongoing compliance.
This tele-web seminar will begin on Thursday, August 16, 2012 at 11:30 AM to 1:30 PM Pacific Time.
Since December 29, 1987 the Truth in Lending Act and Regulation Z have required banks to develop Adjustable Rate Mortgage (ARM) program disclosures for each different ARM program offered. The disclosures must be updated at least annually. Notices must be sent in response to rate changes. Many financial institutions have automated the ARM disclosure process, but violations still occur. This program explains how to develop, maintain and audit ARM disclosures. The program explains the rules, reviews typical problems that occur, and provides steps to assure ongoing compliance.
- What qualifies as an ARM loan for purposes of Regulation Z;
- What disclosures are required;
- The timing rules for the disclosures;
- The required contents of the disclosures;
- Rules for periodically updating the disclosures; and
- Rate adjustment disclosures.
The program is designed for all mortgage lenders, compliance officers, auditors and others with responsibilities for assuring compliance with applicable laws and regulations in the mortgage loan department.
Jack Holzknecht, a principal with Pegasus Educational Services, LLC, has provided training to thousands of bankers and examiners for 36 years. Jack’s career began as a federal bank examiner. He also headed the form and software division of a regional consulting company and spent 7 years in charge of their education division. He also developed and delivered training for the FDIC and OTS.
2.0 total credits
Member price: $250.00 | Non member price $500.00