EVENT:
Reg Z Update (Session Code: 491)
This session will introduce what Regulation Z is, its background and what it covers in your credit union. Reg Z has recently expanded with many new proposed rules. We will review the new rules to address which ones are final vs. proposed.
Final Rules:
· Mortgage Transfer Disclosure
· Appraisal Coercion
· Loan Originator Compensation/Steering
· Prompt crediting of mortgage loan payments and rules on pay off statements
· HPML and Jumbo Loans
· Exemption Threshold Increase
· Credit Card Act Clarifications
Proposed Rules:
· Ability to Repay
· Escrow Disclosures
Future Rules under Dodd Frank:
· Changes to HOEPA Rules
· Periodic statements for mortgage loans
· Other Proposed or Final Rules for 2012
Illinois Pricing:
Affiliate: $ 100.00
Non-Affiliate: $200.00
Out of State Pricing:
Regular: $ 150.00
Contact: Drew Kayvani (Illinois Credit Union League)
Phone: 630-983-3418
Fax: 630-983-3212
Email: drew.kayvani@ilcusys.org