Consumer Protection and Other Federal Laws

Outline

1. Red Flags Rule
   1. Federal
      Trade Commission
2. Homeowner and Economic Recovery
   Act (HERA)
   1. Disclosure
      Provisions of the HPA
3. Higher Priced Mortgage Loans HPML
   1. Definition
   2. Restrictions
4. Dodd-Frank Wall Street Reform and
   Consumer Protection Act
   1. Bureau
      of Consumer Financial Protection
   2. Homeownership
      counseling
   3. Qualified
      Mortgage Rules
   4. Ability
      to repay
   5. Loan
      Officer Compensation Rules
   6. Originator
      Qualifications 
5. TILA-RESPA Integrated Disclosures
   (TRID)
   1. Loan
      Estimate
   2. Definition
      of a “Loan Application”
   3. Change
      of circumstances
   4. Disclosures
6. General Predatory Lending Laws And
   UDAAP

Learning Objectives 

1.         Understand the purpose of the Red Flag Rules.
2.         Understand the purpose of the Community
   Reinvestment Act.
3.         Understand the purpose of the Home Mortgage
   Disclosure Act.
4.         Understand the USA Patriot Act.
5.         Understand the Dodd-Frank Wall Street Reform
   and Consumer Protection Act.
6.         Understand the purpose of the Deceptive Trade
   Practices Act.
7.         Understand the Flood Protection Act.
8.         Understand the purpose of the Homeowner
   Protection Act.

Teaching Methods:

Power Points, Video PowerPoint Presentation and Quiz