Lending Compliance for Balloon Loans 2022 | ProBank Austin | 26 July 2022 | Webinar

The revisions to balloon loan provisions have led many financial institutions into having misconceptions about the rules regarding balloon loans, including a belief that institutions may not do balloon loans anymore – which is incorrect. However, in order to do balloon loans, financial institutions must understand complicated and strict requirements. This two-hour webinar will focus on how dwelling-secured balloon loans and lines of credit are specially treated under Regulation Z.

Here is what you will learn:
• Definition of balloons
• Refinancing/modification
• Closed-end requirements:
- Disclosure: the TIL Statement and the Loan Estimate and Closing Disclosure
- Ability-to-Repay, including Small Creditor Balloon Payment QM (Including the importance of rural/underserved and the definition of small creditor)
- High-cost loans (HOEPA)
- Open-end disclosure requirements and guidance on HELOCs with no repayment period

This informative webinar is designed for compliance officers, compliance staff, loan processors, and auditors who must understand this important issue. Loan officers and those with compliance management or training responsibilities will also benefit from this valuable webinar.

2022 Speakers

Anetria Cohen
Vice President, ProBank Austin