Homeownership Counseling Under Reg X


Presented by: Mary Beth Guard and Jack Holzknecht

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A special ONE hour webinar - with a special price!

The Consumer Financial Protection Bureau has amended the RESPA regulation to put a whole new twist on requirements relating to homeownership counseling. Effective next January, when you receive RESPA-covered loan applications, you will have to turn around and provide a list of homeownership counseling organizations.

In this program, Mary Beth and Jack will delve into the surprising detailed how-to's for this seemingly simple sounding new compliance requirement.

You'll learn:
  • What loan applications are covered and which ones are exempt;
  • Who is to provide the list;
  • What the timing is and how it differs for HELOCs;
  • What should appear on the list;
  • How the document should look - since there is no model or sample form;
  • How contemporaneous the list must be
  • How to satisfy the requirement to show organizations that provide relevant counseling
  • services in the loan applicant's location;
  • Where to get information about the counseling organizations;
  • How to provide the list;
  • Who gets the disclosure in a multi-applicant situation.
If your institution makes HOEPA loans (or you believe you may do so in the future under the revised triggers), you should instead register for our two hour webinar on High Cost Mortgages and Homeownership Counseling under Reg Z and Reg X. In it, we will discuss the Reg X homeownership counseling changes, but we will also cover the changes in Section .32 loans (HOEPA aka High Cost Loans) as well as the mandatory pre-consummation homeownership counseling requirements under Reg Z for HOEPA loans and loans to first-time borrowers that could involve negative amortization.

About the Speakers: Jack Holzknecht is a principal with Pegasus Educational Services, LLC. He has been delivering the word on lending compliance for 36 years. In Jack's 31 years as a trainer, over 100,000 bankers (and many examiners) have participated in his live seminars and webinars. Jack's career began in 1976 as a federal bank examiner. He later headed the form, software and education divisions of a regional consulting company. There 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 several state 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.

Mary Beth Guard currently serves as Executive Editor of BankersOnline.com, CEO of Glia Group, Inc. and Executive Editor of BankingQuestions.com. Since graduating from law school in 1980, Mary Beth has focused her work almost exclusively on the banking industry. Previously, Mary Beth served as EVP/General Counsel and COO for the Oklahoma Bankers Association, EVP of Specialized Services for Thomson Financial Publishing, and General Counsel for the Oklahoma State Banking Department. Mary Beth is on the advisory board for Bankers' Hotline. She has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. In addition, Mary Beth has written more than a thousand banking-related articles and is a BOL Guru.

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CD-ROM includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in April 2013. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_ownership0413
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Thursday 14 March, 2013.

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