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New Regulatory Relief Law - What Does It Mean for Your Institution?
Coppelia Padgett

A comprehensive, detailed overview of the recent changes to Mortgage Lending Regulations that will affect your mortgage department.

Price: $299.00

Venue

This is a virtual event, accessible online. Access instructions will be provided after registration.
New Regulatory Relief Law

The Economic Growth, Regulatory Relief, and Consumer Protection Act is the law of the land. The law is extensive in scope and detail (and desperately needs an acronym). The provisions are grouped into six major sections with 163 amendments and 56 actions. The new law’s goals run the gambit from providing regulatory relief to enhancing protections for veterans, homeowners and student borrowers. The law makes changes to TILA, Ability-to-Repay and HMDA. It also updates portions of FCRA and restores the Protecting Tenants at Foreclosure Act of 2009. The law even has new changes concerning call reports and examination cycles. Clearly, we have a large and somewhat confusing laundry list of changes and amendments to the existing Banking and Compliance Regulations.

In this webinar, Coppelia Padgett will breakdown this new law into reasonable chunks. The webinar seeks to provide attendees with an overview of the changes that will affect your institution and hopefully where we will see some regulatory relief and improved consumer protection. From there, Coppelia will focus on implementation dangers and problems that she expected to see during implementation. A checklist will also be provided highlighting the significant action items.

Please join Coppelia Padgett as she provides a comprehensive, detailed overview of the recent changes to Mortgage Lending Regulations that will affect your mortgage department.

WHAT YOU'LL LEARN

The focus of this webinar is the Economic Growth, Regulatory Relief, and Consumer Protection Act signed into law just last May 24, 2018. It will cover significant and impactful changes as well as the many nuanced changes. The emphasis is on practical advice so institutions can understand the following:

  • Changes to FIRREA that may provide Appraisal Relief
  • Amendments to TILA asset thresholds that will eliminate some ATR requirements for some lenders
  • New Exemptions from Appraisal requirements for rural areas if certain criteria is met
  • Limited relief on HMDA for some lenders and certain disclosure requirements
  • Adjustments to Liability under the SAFE Act
  • Update the FCRA concerning Security Freezes
  • Protections for Veterans to rectify problematic reporting of Medical Debt
  • Immunity from Suits related to Exploitation of Seniors when Specific Training on Identifying and Reporting such Abuse is Met
  • Amendments to TILA tied to Protections for Student Borrowers
  • Amendments to FCRA concerning the credit reporting of certain Student Loan Debt
Price: $299.00

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PRESENTER

Coppelia Padgett

WHAT'S INCLUDED

  • Access your training anywhere, with a computer, tablet or smartphone.
  • Engaging and up-to-date training to support your career and your organization.
  • Handouts you can distribute to your board and staff.