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Event Date Tue Apr 14 EDT (almost 2 years ago)
Region All
Details

This program provides comprehensive coverage of the flood regulations, Regulation X and Regulation Z escrow rules. We explain, step-by-step, how to establish, maintain, and cancel escrow accounts under the amended requirements.

The Real Estate Settlement Procedures Act (Regulation X) has contained rules for administering escrow accounts for many years. The Truth in Lending Act (Regulation Z) requires escrow accounts in connection with higher-priced mortgage loans. The interagency flood regulations were amended effective October 1, 2015 to add revised escrow rules.

This webinar covers all of the escrow rules, including the long standing and the recently revised requirements of the flood regulations, Regulation X and Regulation Z. On May 24, 2018 the Economic Growth, Regulatory Relief and Consumer Protection Act (EGRRCPA) became law. Section 108 of that laws amends the Truth in Lending Act and Regulation to provide a new exception to escrow requirements. That section of EGRRCPA was effective on the date of enactment, but regulations from the CFPB are expected.

Who Should Attend?
The program is designed for compliance officers, operations personnel, mortgage loan officers, loan originators and others involved in opening and maintaining escrow accounts for mortgage loans.

Speakers

2020 Speaker

Jack Holzknecht
CEO, Compliance Resource, LLC