Program Description:

The Institute of Certified BankersTM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CRCM credits.

Perhaps no regulation is as difficult to comply with overall as Reg. Z. And to make matters worse, the Fed is in the middle of its rolling review and revision process. The effective date of new closed-end mortgage provisions is this coming October and new non-real estate open-end rules kick in next July (maybe earlier if some in Congress have their way). And there are more changes in store – some we know about, some we don’t yet.

Do you know what’s coming? The changes will have a major impact on the disclosures you provide for many types of loans, as well as how you manage existing accounts. We'll get you ready. This session is an in-depth discussion of Regulation Z, where we will examine the details, including a focus on often-violated parts of the rule.

This 2-Hour Webinar Covers:

• A simple step-by-step guide to coverage to use in training
• How to tell the difference between business and consumer purpose, including tricky rental property rules
• Finance charge, prepaids, amount financed, to the APR – how to get it right
• Home equity lines of credit (HELOCs) - special rules
• Timing of disclosures, plus new rules requiring more early disclosures
• Changing the deal: refinancing vs. modification
• Advertising rules – you think marketing is a challenge now? Wait until you hear about the new requirements…
• Right of rescission - who gets it and what it means
• A new class of mortgages: "Higher-priced mortgage loans" – strict underwriting standards
• Section 32 loans - what they are and what to do if you have them
• New credit card rules and UDAP standards – a new age of consumer rights

Who Should Attend:

This webinar is appropriate for all involved in consumer lending (whether or not real estate is involved). Compliance officers, auditors, underwriting personnel, CSRs with documentation duties, and bank attorneys are just some of the personnel with a vested stake in Reg. Z compliance.

Presenter:

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Vice President and Compliance Manager for a large financial institution in Ohio. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.