Adapting to Reg Z Reform – Understanding MDIA, HPMLs and More

Presented by:
David Dickinson and Jerod Moyer

Join BOL Guru David Dickinson and Jerod Moyer as they guide you through the Truth in Lending Act revisions that will become effective later this year.

This webinar will provide high level insight into the Mortgage Disclosure Improvement Act (effective July 30, 2009) and the High Priced Mortgage Loan and other closed end mortgage loan requirements (effective October 1, 2009).

In this webinar you will learn about:

The general disclosure requirements of the Mortgage Disclosure Improvement Act (MDIA);

High Priced Mortgage Loan (HPML) classifications;

Average Prime Offer Rates;

How HPMLs affect HMDA rate spreads;

HPML Restrictions and Provisions including how to calculate repayment ability and the "presumption of compliance";

Prepayment penalties in association with a HPML;

Required escrow accounts; and

Prohibited practices for all closed end consumer mortgage loans secured by the consumer's primary dwelling.

Who Should Attend:
This program is designed for compliance officers, mortgage loan officers, loan originators, and others involved in mortgage lending.

About the Speakers:

David is a highly trained expert in compliance regulations. He is also a motivational speaker and innovative educator. As a qualified speaker on compliance issues, David speaks for the American Bankers Association's National Compliance School, as well as, several State Banking Associations. He conducts various seminars throughout the year, has developed numerous compliance manuals and has written articles for prestigious banking publications. In 1993, He established the firm of Banker's Compliance Consulting.

Jerod has a strong compliance background which includes compliance positions held with an $800 million, five bank holding company and an $840 million bank. His experience as an internal bank compliance officer enables him to assist banks in understanding and organizing compliance programs. Being a banker first, then changing careers to assist the banking industry as a regulatory compliance consultant, gives Jerod a unique blend of experience to share. Jerod's knowledge allows him to take compliance issues presented, correlate them to his own past experiences and provide practical solutions. Jerod has counseled financial institutions on numerous regulations, conducted audits and has been a speaker at seminars.

VIEW A 10 MINUTE SAMPLE
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CD-ROM includes:

• Complete presentation (including slides and audio)
• Written Materials
• Follow-up Q & A

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.