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Event Date Thu Feb 27 EST (almost 2 years ago)
Region All
Details

A home equity line of credit (HELOC) is a special type of loan that is highly regulated. Every aspect of a HELOC has special rules. There are certain disclosures that must be included in the loan documents, distinct wording for advertisements, special limitations on when lenders may decrease or suspend a HELOC, and special timing requirements for disclosures sent prior to maturity. In addition, Regulation Z prohibits lenders from changing any term of a HELOC, except in very limited circumstances.

This webinar will explain the required HELOC disclosures and advertising restrictions. It will explore specific situations when lenders are permitted to decrease, suspend, or terminate a HELOC, and how to do so. You’ll also learn how to handle HELOCs nearing their end-of-draw periods.

Attendance certificate provided to self-report CE credits.

Who should attend?
This informative session is designed for mortgage loan officers, loan operations personnel, managers, compliance officers, internal auditors, marketing staff, and attorneys.

Speakers

2020 Presenter

Elizabeth Fast
JD & CPA, Spencer Fane LLP