Congress has consistently provided special protection to borrowers who secure loans with their home. As a result, real estate lending is by far the most complex and confusing type of lending.
Comprehensive coverage of the real estate lending requirements of each regulation is provided, along with policy suggestions, employee training tips, audit techniques and steps to eliminate past problems. Emphasis is placed on coverage and exemption rules, determining which disclosures are required and the content of the required disclosures.
Every year major changes appear and this year is no exception, with the John Warner National Defense Authorization Act and FACT Act revisions leading the list.
The following regulations are covered:
- Equal Credit Opportunity Act (Regulation B)
- Fair Housing Act
- Home Mortgage Disclosure Act (Regulation C)
- Homeowners Protection Act
- Flood Disaster Protection Act – includes a review of proposed legislation to amend the Act
- Fair Credit Reporting Act – includes a review of the FACT Act major revisions including the new Red Flag Regulations (Effective November 1, 2008) and the new Affiliate Marketing Rules (Effective October 1, 2008)
- Truth in Lending Act (Regulation Z) - includes the new CHARM booklet (Effective October 1, 2007) and recent TIL changes contained in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Real Estate Settlement Procedures Act (Regulation X)
- John Warner National Defense Appropriations Act – includes the new rules for consumer loans to service members (Effective October 1, 2007)
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 twenty-seven 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.
The program is designed for Compliance Officers, Loan Officers, Loan Processors and Auditors.
Where else can you find:
- Comprehensive coverage of 9 major federal real estate lending compliance topics in 2 information packed days;
- A 200 page manual that serves as a handbook long after the program has ended; and
- An instructor with 32 years of experience with the topics and 27years of experience as a trainer.
The program is approved for 12 hours of CRCM credit.
The registration fee for this two-day program is $395 for The Alabama Bankers Association members and $790 for nonmembers. Registration fees include instruction, materials, refreshments and lunch.
Full registration fees will be refunded if a cancellation is received on or before ten business days prior to the program. If date of cancellation is less than ten days prior to the program, a $100 processing fee will be retained. No refunds will be given the day of the program. Substitutions are welcome. All cancellations and substitutions must be received in writing.
Dress for the program is business casual. To ensure your comfort, please bring a jacket or sweater. If you need additional information, please contact The Alabama Bankers Association office, (334) 834-1890 by email at info@alabamabankers.org. Additional information about this program can also be found by visiting The ABA website at www.alabamabankers.org.
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