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January 1, 2018: Big Changes to Regulation C, the Home Mortgage Disclosure Act’s (HMDA) Disclosure Regulation (MLB971C)

  Pre Recorded Webinar
  60 minutes
  
Multiple Participants?
Call 1-800-223-8720
for a group pricing

Find Out How the CFPB’s Final Rule Amendments to the HMDA Apply to Your Institution

Effective January 1, 2018, covered lenders must comply with the Consumer Financial Protection Bureau’s (CFPB) final rule that amends Regulation C, which implements the Home Mortgage Disclosure Act’s (HMDA) disclosure rules. The HMDA’s purpose is to provide the public with information about how effectively financial institutions serve the housing needs of communities by requiring depository and non-depository financial institutions to provide certain data. The rule revises the tests for determining which financial institutions and housing-related credit transactions HMDA covers. The final rule requires certain financial institutions to file data on home equity lines of credit (HELOCs) with the CFPB.

This session with financial services attorney Chrys Lemon will provide a detailed overview of the requirements that are effective January 1, 2018. If you’re a mortgage originator, you need to understand how the upcoming changes to the HMDA reporting requirements. Chrys will discuss which financial institutions and which credit transactions are covered, and he will review which loans will need to be itemized. You will get a review of “Reporting Not Applicable” provisions, as well as useful techniques and pitfalls to avoid.

Session Highlights

Who Should Attend

Mortgage loan officers and compliance personnel/counsel who work with closed-end loans, open-end lines of credit, and reverse mortgages secured by dwellings

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Presenter

Chrys Lemon is a partner in McIntyre & Lemon, PLLC, in Washington, D.C. He specializes in financial services law, particularly related to marketing of consumer financial products and services, privacy law, insurance law, and regulation of financial institutions by the Consumer Financial Protecti... More info

 


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Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.