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TrainingPro

2 Hour SAFE Ethics _ Ethics in the New Landscape of Consumer Protection_Online Self Paced_Course Number 4294

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Overview / Abstract:

With the advent of recent CFPB amendments to key federal laws regulating the mortgage industry, it is essential for mortgage professionals to be familiar with and understand how to apply these changes in their daily business. Created with the intent to increase consumer protection and ensure safe, honest, and ethical transactions, these amendments have a significant impact on the mortgage lending process as a whole. This course provides a review of the 2013 HOEPA Rule, the ECOA Valuations Rule, TILA HPML Appraisal requirements, the TILA Escrow Rule, and TILA and RESPA Mortgage Servicing Rules. In this course, students will become familiar with the fundamental aspects of all of these rules, and gain an understanding of the issues within the industry which the CFPB hopes to resolve through their implementation. The course will work to help participants understand the importance of these new rules to the mortgage landscape, and highlight compliance concerns that may arise as they take effect in 2014. In order to ensure understanding of the new rules, students will have access to a “compliance aid” in the form of a video produced by the CFPB. The course will also review some examples based on real life situations in the form of Discussion Scenarios.

Expiration

Sep 17, 2020

Discipline(s)

Mortgage Broker

Format

Online

Credits / Hours

2 Hours

Accreditation

NMLS

Keywords / Search Terms

TrainingPro

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