Compliance Essentials: Homeowners Protection Act (HPA) Resource Guide
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| Option | Price |
| Member | $500.00 |
| Non-Member | $1,000.00 |
MBA Compliance Essentials: HPA Resource Guide ©2019
Summary:
The Homeowners Protection Act (HPA) which allows borrowers to cancel mortgage insurance under certain circumstances has always been a nettlesome area.
The MBA Compliance Essentials HPA Resource Guide will serve as a base for the development of your company's policies and procedures in this important area.
Developed by:
- Mitchel H. Kider, Chairman and Managing Partner, Weiner Brodsky Kider PC
- Jim Milano, Member, Weiner Brodsky Kider PC
- Ken Markison, Of Counsel, Weiner Brodsky Kider PC
- David A. Thomas, Associate, Weiner Brodsky Kider PC
Chapters include:
- Introduction, Background, and Definitions
- Requirements and Procedures
- Disclosures
- Cancellation
- Termination
- After Cancellation, Termination of PMI or Denial
- Liability and Enforcement
- GSE Requirements and the HPA
- HPA Interplay with State Laws
- Impact of Dodd-Frank on the HPA
- Interplay with TILA and Changes under the TILA-RESPA Integrated Disclosures Rule
- FHA Mortgage Insurance Premiums
- Sample Draft HPA Policies and Procedures
- Sample PMI Disclosures and Notices
- Sample Compliance Audit Checklist