MADISON, Wis. (12/3/10)--In August, The Federal Reserve Board proposed enhanced consumer protections and disclosures for home mortgage transactions as part of the Truth in Lending Act. More disclosures were issued in October. “The New Mortgage Lending Rules--Are You Ready?” a webinar sponsored by the Credit Union National Association will help credit unions prepare for these changes. The webinar will air on from 2 p.m.-3:30 p.m. CT, Dec. 16. Participants in the webinar will:
* Review the interim final rule regarding Mortgage Disclosure Improvements Act (Regulation Z) disclosure notices with the Jan. 30. compliance date; * Examine the final rule regarding Consumer Notification of Mortgage Loan Sales or Transfers with the Jan. 1 compliance date; * Learn about the final rule amending Regulation Z on Loan Compensation and Steering of Loans with the April 1 compliance date; * Discover the interim final rule on appraisals and appraisers with the April 1 compliance date; and * Identify other proposed rule changes.
The webinar will be presented by Andrea Stritzke, CUCE, vice president of regulatory compliance for PolicyWorks. Stritzke is responsible for the delivery of PolicyWorks’ regulatory services and new product development while also working with individual credit unions to provide them with training and counsel on certain regulatory matters. For more information about the webinar, use the link.