CE: Regulatory Considerations for HELOCs

Webinar

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Member Price $99.00 $99.00 $99.00
Non-Member Price $299.00 $299.00 $299.00

Description

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.

Date:

Wednesday, May 22nd, 2019

Time:

2:00-3:30 p.m. EST

Objectives:

By attending this comprehensive overview you will learn about:
  • 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.

Speakers:

  • Jed Mayk, Partner, Hudson Cook LLP

Who Should Attend?

  • Origination and Servicing Compliance Managers and Staff
  • Operations Personnel
  • Internal Audit
  • In-House Counsel

Notes

Call begins on May 22, 2019 from 2:00 - 3:30 pm EST.

Login instructions will be sent to paid attendees in advance of the webinar.

All paid attendees will receive a copy of the audio recording and PowerPoint deck at the conclusion of the webinar.