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Regulation Z - How to Disclose Fees and Charges
(Presented By: Jack Holzknecht)
In spite of nearly four decades of existence, Regulation Z remains one of the most frequently cited regulations. Loan origination software has eliminated many common violations from the past; but proper disclosure of the finance charge remains a major problem area. And it is an expensive problem to resolve.  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
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Loan origination software properly discloses finance charges only if fees are set up correctly in the system. This two-hour seminar reviews all of the rules related to finance charges. It includes a three-step process that assures that finance charges are properly disclosed.
WHAT?
This two-hour webinar provides a solution to a common Truth in Lending problem - fee disclosures. The rules from the Truth in Lending Act, Regulation Z and the Official Staff Commentary are explained. Detailed examples demonstrate how to correctly disclose various charges.
WHY?
This two-hour program assures:
That appropriate employees understand the finance charge disclosures rules;
That proper disclosures are provided, thereby reducing the risk of:
Expensive lawsuits;
Regulatory reimbursement; and
The embarrassment of both of the above actions.
Participants receive a detailed manual that serves as a handbook long after the program is completed
PROGRAM CONTENT
Upon completion of this program, participants understand:
The difference between regular and prepaid finance charges;
The impact that finance charges have on the Annual Percentage Rate and the Amount Financed Disclosures;
What fees are included in the finance charge;
What fees may be excluded from the finance charge;
The allowable tolerance on the finance charge disclosure; and
The Three Steps to Proper Finance Charge Disclosure.
WHO?
The program is designed for loan originators, loan officers, lending department management, compliance officers and auditors.
PRESENTER
Jack Holzknecht is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced consultant who has provided training to thousands of bankers and examiners for twenty-four years. He has the ability to identify the key compliance issues from each regulation. Jack's career began in 1976 as a federal bank examiner. He later headed the form and software and education divisions of a regional consulting company. In that capacity he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by the Georgia, Iowa, Kentucky, Pennsylvania, Nebraska, New York and Texas bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru" at http://www.bankersonline.com/ and frequently answers compliance questions sent to "Bankers' Threads."
More information...
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888-229-8872