IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Lending Compliance for Home Equity Lines of Credit (HELOCs)

$219.00

SKU: 406164

Description

Understand the requirements and challenges that can exist with HELOCs.
This presentation will provide an overview of the compliance requirements with HELOCs, and assist you in better understanding the marketing, processing, regulatory, and other compliance requirements in offering and servicing HELOCs. This material will also provide you with a better understanding of the regulatory requirements and challenges that can exist with HELOCs. In addition, this topic will address the opportunities that may be present to better hone an institutions consumer credit product offerings.

Date: 2021-06-24 Start Time: 1:00 PM ET End Time: 2:00 PM ET

Learning Objectives

* You will be able to define the features of a HELOC.

* You will be able to describe the requirements and contents of TILA disclosures for HELOCs.

* You will be able to discuss which rules apply to HELOCs.

* You will be able to explain the limits on suspending or terminating HELOCs.

Overview of Home Equity Lines of Credit Topic
• History of HELOCs
• First Regulation of HELOCs (the HELCPA)
• Federal Reserve Board’s Initial HELOC Regulations, and Applicability of Current CFPB Rules

Regulation Z Marketing and Practice Requirements and Limits on HELOCs
• Advertising Rules
• Application Processing and Limits on Fees

HELOC Application Disclosures
• Timing of HELOC Application Disclosures
• Content of HELOC Application Disclosures

HELOC Closing Disclosures and Servicing Issues
• Timing of HELOC Closing Disclosures
• Content of HELOC Closing Disclosures
• Limits on Suspension and Termination of HELOCs

Requirements of CFPB and Other Rules
• Section 32 High-Cost Home Loan Rules
• ECOA and Appraisals
• Flood Requirements

CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

James Milano-Weiner Brodsky Kider PC