Webinar

Untangling the Web of Fee Disclosures
"Oh what a tangled web we weave"... Walter Scott was referring to the web woven by people who intend to deceive others.

The CFPB has created a “tangled web” while crafting regulations intended to prevent deception. This webinar will help you untangle the intricacies of numerous fee disclosure requirements.

The proper disclosure of fees on consumer loan transactions has always been complicated and has only become more complicated over the past few years with the addition and revisions of rules for: High-Cost Mortgages; Truth in Lending Act / Real Estate Settlement Procedures Act Integrated Disclosures (TRID); Ability to Repay/Qualified Mortgage Rules and Home Mortgage Disclosure Act/Regulation C.

Violations of any of the requirements may result in regulatory reimbursement; consumer lawsuits; regulatory cures; higher liability from the failure to meet QM standards and civil monetary penalties.  This webinar will provide the information needed to fully understand the rules and to avoid the liability inducing problems. Program materials list examples of specific fees outlined in the regulation.

Highlights

Clarification of which fees are included in or excluded from the:

  • Finance charge;
  • Annual percentage rate (APR);
  • Total points and fees – the most important number in the world of compliance
  • Military annual percentage rate (MAPR) – including the 10/3/16 expanded rules;
  • TRID tolerance rules and
  • Loan estimate and closing disclosure – proper disclosure fees

Audience

This webinar is designed for everyone involved in the origination and management of consumer credit (including mortgage loans), including lenders, the compliance staff and auditors.

Speaker

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

Pricing

Live Webinar:

Member price: $275.00 | Non member price $550.00

On-Demand Webinar

Member price: $295.00 | Non member price $590.00

Registration

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)

ConferenceEdge
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.

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