Consumer Protection and Other Federal Laws
Outline Red Flags Rule Federal Trade Commission Homeowner and Economic Recovery Act (HERA) Disclosure Provisions of the HPA Higher Priced Mortgage Loans HPML Definition Restrictions Dodd-Frank Wall Street Reform and Consumer Protection Act Bureau of Consumer Financial Protection Homeownership counseling Qualified Mortgage Rules Ability to repay Loan Officer Compensation Rules Originator Qualifications TILA-RESPA Integrated Disclosures (TRID) Loan Estimate Definition of a “Loan Application” Change of circumstances Disclosures General Predatory Lending Laws And UDAAP Learning Objectives Understand the purpose of the Red Flag Rules. …
Overview
Outline
- Red Flags Rule
- Federal Trade Commission
- Homeowner and Economic Recovery Act (HERA)
- Disclosure Provisions of the HPA
- Higher Priced Mortgage Loans HPML
- Definition
- Restrictions
- Dodd-Frank Wall Street Reform and Consumer Protection Act
- Bureau of Consumer Financial Protection
- Homeownership counseling
- Qualified Mortgage Rules
- Ability to repay
- Loan Officer Compensation Rules
- Originator Qualifications
- TILA-RESPA Integrated Disclosures (TRID)
- Loan Estimate
- Definition of a “Loan Application”
- Change of circumstances
- Disclosures
- General Predatory Lending Laws And UDAAP
Learning Objectives
- Understand the purpose of the Red Flag Rules.
- Understand the purpose of the Community Reinvestment Act.
- Understand the purpose of the Home Mortgage Disclosure Act.
- Understand the USA Patriot Act.
- Understand the Dodd-Frank Wall Street Reform and Consumer Protection Act.
- Understand the purpose of the Deceptive Trade Practices Act.
- Understand the Flood Protection Act.
- Understand the purpose of the Homeowner Protection Act.
Teaching Methods:
Power Points, Video PowerPoint Presentation and Quiz
Curriculum
Instructor
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Course Features
- Lecture 1
- Quiz 1
- Duration 1 hour
- Skill level All levels
- Language English
- Students 10
- Assessments Yes