New Regulation Z Rules for Small Creditors and Rural & Underserved Areas
Is your bank eligible to take advantage of the new CFPB final rule that redefines small creditor and rural and underserved areas?

This webinar explains the new rules and actions needed to comply with the new requirements and take advantage of the new opportunities.

On September 21, 2015 the CFPB approved a final rule amending Regulation Z. The final rule revises the CFPB’s regulatory definitions of small creditor and rural and underserved areas for purposes of special provisions and exemptions from various requirements provided to certain small creditors under the Bureau’s mortgage rules, including:

  • Escrow requirements for higher-priced mortgage loans;
  • Ability-to-repay/qualified mortgage requirements; and
  • HOEPA requirements.

The 144-page final rule is generally effective on January 1, 2016.

Why Participate?

This two-hour webinar explains the new rules and the actions needed to comply with the new requirements and to take advantage of the new opportunities.


Upon completion, participants understand how the final rule:

  • · Raises the loan origination volume test for Small Creditors in two different ways and adjusts the $2 billion asset limit in manner that is not favorable for some creditors.
  • Adjusts the time period used in determining whether a creditor is operating predominantly in rural or underserved areas from any of the three preceding calendar years to the preceding calendar year.
  • Amends the current exemption under § 1026.35(b)(2)(iii)(D)(1) provided to small creditors that operate predominantly in rural or underserved areas from the requirement for the establishment of escrow accounts for higher-priced mortgage loans.
  • Expands the definition of “rural” by adding census blocks that are not in an urban area as defined by the U.S. Census Bureau to the current county-based definition.
  • Extends the current two-year transition period, which allows certain small creditors to make balloon-payment qualified mortgages (§ 1026.43(e)(6)) and balloon-payment high-cost mortgages (§ 1026.32(d)(1)(ii)(C)), regardless of whether they operate predominantly in rural or underserved areas.


Compliance officers, auditors, lending department management, loan operations personnel, loan officers, loan originators and others involved in originating or servicing loans of all types.


Jack Holzknecht, CRCM, is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 39 years. Jack’s career began as a federal bank examiner. He also headed the form and software division of a regional consulting company. He has developed and presented training programs to bankers in 43 states. He also developed and delivered training for the FDIC.

Kelly M. Owsley, CRCM, is Director of Training Services for Compliance Resource, LLC. Since 2000, she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in branch management, lending, product development and training. Recently, she served as VP of Compliance for a community bank where she was responsible for implementing and training all compliance related topics.

Credit Information

Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session


Live Webinar:

Member price: $275.00 | Non member price $550.00

On-Demand Webinar

Member price: $295.00 | Non member price $560.00


Online: Visit the CBA Webinar Catalog

Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)

1516 Xavier St., Ste 500, Denver, CO 80204

Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)

Please Note:

  • Preferred Payment Method: Online
  • Please register online or by phone when paying with a credit card
  • Payment Must Accompany Registration – Invoices are Not Provided

Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.