Open-Ended Lines Of Credit - Compliance Issues

Webinar: ID# 1038126
Recorded On-Demand

Qty: On-Demand ($295.00)

Complying with the open-ended provisions of Regulation Z is a complicated issue. There are many intricate requirements to follow, from disclosures, servicing, and advertising. Plus, there are differing requirements depending on whether the plan is a home equity line of credit (HELOC), credit card plan, or personal or overdraft line.

This webinar will focus on the personal/overdraft lines and HELOC requirements. We will discuss how to ensure all the Reg. Z rules are followed, especially around disclosures. We'll also touch on some of the other rules that impact HELOCs, such as appraisal rules and the coming HMDA requirements.

• Determining basic coverage of lines of credit under Reg. Z and other consumer protection rules
• Changes in terms - "significant changes"
• Treatment of credit balances
• Disclosing variable rate plans
• HELOC special provisions, including right of rescission
• Advertising open-ended credit plans, including marketing to college students
• Servicing - periodic statements
• Real estate laws and regs for HELOCs
• Fair lending implications (there are some!)
• And much more

Who Should Attend:

Anyone in the institution having responsibilities in offering, underwriting or servicing consumer-purpose open-ended credit plans, including loan officers, processors, clerks, closing agents, and so forth. Also compliance officers and counsel will benefit from the information provided in this webinar.