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Truth in Lending/RESPA Review and Update
(Presented By: Jack Holzknecht)
WHAT?
The Truth in Lending Act (Regulation Z) and the Real Estate Settlement Procedures Act (Regulation X) are two of the most complex and most frequently violated lending regulations.  | 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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Both topics have major changes pending. Congress passed legislation in 2005 that makes major revisions to the Truth in Lending Act and Regulation Z. Regulations are being drafted to implement the changes. During 2005 Secretary Jackson, the head of the Department of Housing and Urban Development, announced his "Road to Reform," a plan to revise Regulation X. HUD held hearings around the U.S. during the summer of 2005. Revisions, based on the results of the hearings, are expected soon.
For each topic, participants receive:
An thorough update on the status of pending revisions; and
A review of frequently cited violations.
The topics reviewed in the program include:
Truth in Lending Act (Regulation Z) - includes recent revisions contained in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005; and
Real Estate Settlement Procedures Act (Regulation X).
WHY?
Violations of these laws can lead to:
Civil monetary penalties;
Lawsuits; and
Regulatory reimbursement.
WHO?
The program is designed for loan processors, clerks, loan officers and others in the lending area that need a basic understanding of Truth in Lending and RESPA.
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