BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Popular\, highly regulated\, and detail driven\, HELOCs are oft en a consumer&rsquo\;s product of choice to access the equity in their hom e. This detailed program will address HELOC advertising\, application\, ch anges\, draws\, disclosures\, amendments\, termination\, guidance\, and mo re. Ensure your program checks off all the compliance &ldquo\;boxes.&rdquo \;\nLearning Objectives\n\n Understand the specific disclosures require d in HELOC documents\n Analyze the restrictions on advertising HELOC pr oducts and the mandatory special wording\n Distinguish when a change in terms notice must be sent to the borrower\n Explain the special notice that must be given when a HELOC is reduced\, suspended\, or terminated\n Determine if a HELOC can be terminated when the borrower moves out of t he home or if the home significantly declines in value\n Properly manag e HELOCs nearing their end-of-draw period\n\nA home equity line of credit is a special type of loan that is highly regulated. Every aspect of a HELO C has special rules. There are special disclosures to include in loan docu ments\, specific wording required in advertisements\, particular limitatio ns on when the lender may decrease or suspend a HELOC\, and special timing requirements for disclosures that must be sent before a HELOC matures. Re gulation Z prohibits a lender from changing any term of a HELOC\, except i n very limited circumstances. This webinar will explain the required HELOC disclosures and the restrictions on HELOC advertising. It also will expla in the specific situations when a lender is permitted to decrease\, suspen d\, or terminate a HELOC\, and the proper steps a lender must take to do s o. In addition\, how to handle HELOCs nearing their end-of-draw periods wi ll be covered. DTEND:20221130T173000Z DTSTAMP:20240328T133636Z DTSTART:20221130T160000Z LOCATION: SEQUENCE:0 SUMMARY:HELOC Compliance: Disclosures\, Documentation\, Advertising\, Amend ing & More UID:RFCALITEM638472117960362280 X-ALT-DESC;FMTTYPE=text/html:
Popular\, highly regulated\, and detail dri ven\, HELOCs are often a consumer&rsquo\;s product of choice to access the equity in their home. This detailed program will address HELOC advertisin g\, application\, changes\, draws\, disclosures\, amendments\, termination \, guidance\, and more. Ensure your program checks off all the compliance &ldquo\;boxes.&rdquo\;
\nLearning Objectives
\nA home equity line of credit is a special type of loan that is highly regulated. Every aspect of a HELOC has special rules. There are special disclosures to include in loan documents\, specific wording required in advertisements \, particular limitations on when the lender may decrease or suspend a HEL OC\, and special timing requirements for disclosures that must be sent bef ore a HELOC matures. Regulation Z prohibits a lender from changing any ter m of a HELOC\, except in very limited circumstances. This webinar will exp lain the required HELOC disclosures and the restrictions on HELOC advertis ing. It also will explain the specific situations when a lender is permitt ed to decrease\, suspend\, or terminate a HELOC\, and the proper steps a l ender must take to do so. In addition\, how to handle HELOCs nearing their end-of-draw periods will be covered.
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