Presented by:
Jack Holzknecht
Congress passed the Home Ownership and Equity Protection Act in 1994. The law was intended to eliminate predatory lending. It added Section 32 to Regulation Z. The law and regulation require special disclosures for transactions that involve high rates or fees. The disclosures must be delivered in a unique timeframe. The regulation also places restrictions on the transaction and on the creditor. HOEPA transactions are also subject to special reporting rules for the Home Mortgage Disclosure Act.
WHAT?
This two-hour program explains how to identify transactions covered by Section 32 of Regulation Z, what disclosures are needed and when, and special restrictions on the contract and on the creditor. The program explains the rules, reviews typical problems that occur, and provides steps to ensure ongoing compliance.
WHY?
This two-hour program provides:
A thorough understanding of all the rules regarding Section 32 mortgages;
A review of frequently cited violations of Section 32 rules; and
Suggestions for ensuring compliance with the rules that apply to this product.
Participants receive a detailed manual that serves as a handbook long after the program is completed
PROGRAM CONTENT
Upon completion of this program, participants understand:
what transactions are covered by the Section 32 mortgage rules
what disclosures are required
the timing rules for the disclosures
the required contents of the disclosures
the special restrictions on contracts
prohibited acts and practices
WHO?
The program is designed for all mortgage lenders, compliance officers, auditors and others with responsibilities for ensuring compliance with applicable laws and regulations for Section 32 mortgages.
VIEW A
10 MINUTE SAMPLE
(requires Windows Media Player and
IE).
About the speaker: Jack Holzknecht
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
22 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 that were delivered
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" and
frequently answers compliance questions sent to "Bankers' Threads."
- 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. This product was added to our catalog on Tuesday 19 June, 2007.
