CBC II: UDAAP & Regulation X: Real Estate Settlement Procedures Act

Date:

May 21, 2024

Location:

PDF Brochure

Understanding UDAAP
Federal examiners often label any objectionable practices as violations under the UDAAP umbrella instead of revising the regulation. Unfortunately, far too often this creates “examiner discretion,” as the examiner can avoid a direct citation of a regulatory violation. Our first topic delves into exactly what UDAAP, Unfair and Deceptive Acts and Abusive Practices, is. Knowing this information may assist you should your regulator decide to apply it to your bank.

Navigating RESPA
Our discussion on RESPA delves into the regulatory landscape post-TRID rules. While much of this regulation was “gutted” by the TRID rules, several significant issues persist. We will focus on Section 8 violations, which have prompted a surge in hotline questions as management attempts to get more creative to increase business. Knowing what you can and cannot do will allow you to guide management through this potential minefield. The session will conclude with escrow accounts, so attendees that do not offer this service can end their day ahead of schedule.

Agenda

Registration begins at 8:30 AM.
The seminar will run from
9:00 AM to 3:00 PM

Topics

SEMINAR AGENDA
Regulatory Update

  • Subject as Released by the CFPB and Other Federal Agencies


Main Subject: UDAAP

  • Understanding the Requirements and Avoiding Citations for Being Unfair
  • Understanding the Requirements and Avoiding Citations for Being Deceptive
  • What is Meant by Abusive (Rules Keep Changing)
  • UDAAP Exam Procedures
  • Consumer Complaints
  • Conducting an Internal UDAAP Review
  • Case Studies and Frequently Asked Questions From Our Hotline


Main Subject: RESPA

  • General Issues
  • Section 8 Issues
  • Documents at Application
  • Documents at Closing
  • Escrow
Speaker
Bill Elliott has over 45 years of banking experience. As a senior consultant and director of compliance education at Young & Associates, Bill works on a variety of compliance, related issues, including leading compliance seminars, conducting compliance reviews for all areas of compliance, conducting in-house training, and writing compliance articles and training materials. During his career, Bill spent 15 years as a compliance officer and CRA officer in a large community bank and worked for a large regional bank. He has been a lender for consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administrations, collections and commercial loan workout.
Additional Information

WHO SHOULD ATTEND?
This seminar will benefit anyone with UDAAP or RESPA responsibilities, which may include compliance officers, lending supervisors, management, auditors, and any other interested parties.

Fees
$350 IBA Member
$180 Each Additional IBA Member

100% Surcharge is applied for Non-Members.
location

This seminar will be Tuesday, May 21, 2024 at the IBA Center for Professional Development, 8425 Woodfield Crossing Blvd. Suite 155E, Indianapolis, IN 46240.  Directions, map & list of local hotels are available on our website at www.indiana.bank or you may call the IBA Office at 317-387-9380. This training will also be available virtually on Tuesday, May 21, 2024.

If choosing to take this course online, we still look forward to “seeing” you! You will receive your manual 2-3 days in advance should you want to print this to have during training. At this time, you will also receive log in instructions. 

Association Contact

Elizabeth DeHaven, Education Manager
EDeHaven@indiana.bank
317-333-7169

Cancellation Policy

You will receive an e-mail confirmation at registration. If you have questions, contact Elizabeth DeHaven at 317-387-9380 or via e-mail at EDehaven@indiana.bank.

Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at anytime.