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CE: Regulatory Considerations for HELOCs
Member Price: $119.00
Nonmember Price: $169.00
Product Code: DL2-011452-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

Live webinar held on July 25, 2018.

Due to technical difficulties experienced during the live webinar, the audio and playback are out of sync by several seconds. 

Summary:

Join this MBA Compliance Essentials webinar for a discussion of the regulatory "rules of the road" for home equity lines of credit ("HELOCs"). A rising interest rate environment and appreciating home values have renewed consumer interest in HELOCs as a way to access home equity. This webinar will provide an overview of HELOCs, how they differ from closed-end first mortgage loans and junior lien home equity loans, and the regulatory framework for the origination and servicing of HELOCs. This interactive webinar will be a great opportunity to get your questions answered and hear from your peers.

Objectives:

  • Common features of a HELOC, e.g. draw and repayment periods, types of access devices, payment requirements during the draw and repayment periods, interest rates, fixed rate conversion options, etc.;
  • Limitations on a lender's ability to terminate a HELOC and demand repayment;
  • Limitations on a lender's ability to suspend draw privileges, reduce the credit limit, or make other changes to the account;
  • The federal regulations that do (and do not) apply to HELOCs; and
  • State law HELOC regulation, including what a lender must do to preserve the lien priority of future advances.

Speaker:

  • Jed Mayk, Partner, Hudson Cook LLP

Who Should Attend?

  • Origination and Servicing Compliance Managers and Staff
  • Operations Personnel
  • Internal Audit
  • In-House Counsel
 
 
Product Category:
Webinar Recordings and Packages 
 
Contact Info:

For registration information, call (800)-793-6222 or email education@mba.org

 
 
Contact E-mail:
education@mba.org 
 
Product:
DL2-011452-WC-W 
 
Title:
CE: Regulatory Considerations for HELOCs  
 
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