Reg Z HOEPA and High-Cost Mortgage Loans

Course Number: RZHOEPA1

Course Code: ABA 305

This course describes the characteristics of mortgage loans subject to either the HOEPA or the HPML requirements of Regulation Z. This course explains the underwriting standards, timing and disclosure requirements, escrow, and servicing requirements. It also explains the penalties for violations of these sections of Regulation Z.

Learning Objectives
After completing this course, students will be able to:
– Identify the disclosures required and what they include
– Describe the features that are banned from high-rate, high-fee loans
– Examine the impact of new laws and regulations that protect consumers against abusive lending practices
– Recognize a HOEPA and a HPML loan based on price and type of loan
– Describe the three new special compliance requirements
– Identify the consequences for not complying with the new Reg Z rules

Audience: All branch personnel responsible for taking consumer mortgage loan applications

Prerequisites: Reg Z Overview

Register Now

Member Price: $95.00
Non-Member Price: $130.00
Textbook Charge: $0.00

Credits: ICB: 1.0 CLBB, CRCM

Length: 50 minutes

ABA Training