Presented by:
Jack Holzknecht
Regulation Z contains a number of complex and confusing provisions. The rules related to the borrower's right to rescind a transaction are at the head of the list. Few topics generate more litigation or more questions.
WHAT?
Whether originating loans or reviewing completed loans for compliance, this program will meet your needs. All of the rules, from providing the notice of rescission to undoing transactions that the consumer has rescinded, are covered. The program explains what transactions are subject to the right to rescind, who has the right to rescind, how to handle rescission, and how to fix problems when they occur.
WHY?
The rescission rules are complex and lead to numerous violations and lawsuits. The key to preventing the violations and lawsuits is knowledge. This two-hour program explains all of the rescission rules. It provides easy to understand answers to questions. And, it provides a system to assure compliance.
Participants receive a detailed manual that serves as a handbook long after the program is completed
PROGRAM CONTENT
This two-hour program reviews all of the rescission rules, including, but not limited to:
What transactions are subject to the right to rescind?
Who has the right to rescind?
How to handle rescission for both open-end and closed-end credit;
What transactions are or are not rescindable?
How long does the rescission period last and when does it begin?
How do I know which of the six model rescission forms to use?
What is the potential liability if an error occurs and how are errors corrected?
Who has the right to waive the right to rescind?
WHO?
The program is designed for loan originators, loan officers, lending department management, compliance officers and auditors. A basic understanding of Regulation Z is assumed.
VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).
PRESENTER:
Jack Holzknecht is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced consultant who has provided training to thousands of bankers and examiners for twenty-four years. He has the ability to identify the key compliance issues from each regulation. Jack's career began in 1976 as a federal bank examiner. He later headed the form and software and education divisions of a regional consulting company. In that capacity he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by the Georgia, Iowa, Kentucky, Pennsylvania, Nebraska, New York and Texas bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru" at http://www.bankersonline.com/ and frequently answers compliance questions sent to "Bankers' Threads."
This product was added to our catalog on Tuesday 14 March, 2006.
