Understanding HELOC Requirements
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Click Here to register for program and receive recording $449.00 |
A deep dive discussion on home equity lines of credit (HELOC). What disclosures are required? What is required to reduce an available line? These questions and more will be addressed during this detailed session on HELOC.
This program is designed to provide numerous checklists and examples to utilize in reviewing or developing a HELOC product. An overview of the compliance regulations impacting the HELOC product will be provided, including a detailed checklist to verify the disclosure includes all required details. We will review rescission and periodic statement requirements as well as possible action steps to take when property values decline. Sample line suspension letters and a freeze notice will be given. This is definitely a session designed to provide guidance whether you are developing, servicing, or auditing HELOCs. All participants receive a detailed manual for future reference. What You'll Learn
InstructorsMolly Stull began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience. |